What can you learn from the figure below (Figure 13-1 from the text) which depicts the U.S. GNP and its components for the year 2009?
What will be an ideal response?
The highest component of GNP is consumption and the U.S. has a negative current balance.
Economics
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
Economics
What challenges does the European Union face in the short, medium, and long run?
What will be an ideal response?
Economics