If a U.S. citizen buys a television made in Korea by a Korean firm, then
a. U.S. net exports decrease and U.S. GDP decreases.
b. U.S. net exports are unaffected and U.S. GDP decreases.
c. U.S. net exports are unaffected and U.S. GDP is unaffected.
d. U.S. net exports decrease and U.S. GDP is unaffected.
d
Economics
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What will be an ideal response?
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The deposit creation formula can be defined as
a. one minus the required reserve ratio. b. the same as the GDP income multiplier. c. the reciprocal of the required reserve ratio. d. one plus the required reserve ratio.
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