In the economy of Talikastan in 2015, consumption was $600, exports were $300, GDP was $1300, government purchases were $250, and investment was $300 . What were Talikastan's imports in 2015?
a. -$150
b. -$200
c. $200
d. $150
d
Economics
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Following the imposition of the Smoot-Hawley tariff
A) international trade continued to expand. B) more than 40 countries imposed higher tariffs of their own. C) employment in the United States expanded rapidly. D) Two of the above.
Economics
If the price of inputs rises and personal income taxes rise:
a. Price index rises, and real GDP falls. b. Price index rises, and the change in real GDP is uncertain. c. The change in price index is uncertain, and real GDP falls. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.
Economics