Refer to the table. If this nation's equilibrium price level is 125, its net exports will be:
Answer the question on the basis of the following table for a particular country in which C is
consumption expenditures, I g is gross investment expenditures, G is government expenditures,
X is exports, and M is imports. All figures are in billions of dollars. Each question is
independent of other question using the same table, unless otherwise stated.
A. minus $4 billion.
B. minus $2 billion.
C. zero.
D. $2 billion.
B. minus $2 billion.
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When scarce resources can serve only one user at a time in sequence, which method works well for allocating the scarce resources?
A) first come, first served B) lottery C) contest D) command system
If the sacrifice ratio is 4, then reducing the inflation rate from 9 percent to 5 percent would require sacrificing
a. 4 percent of annual output. b. 8 percent of annual output. c. 12 percent of annual output. d. 16 percent of annual output.