In the United States today, the government will exchange gold or silver for paper money

Consider a closed economy without a government and without international trade. What will be TRUE when this economy is in equilibrium?

A) Planned real consumption spending equals real GDP. B) Total planned real investment spending will exceed total planned real expenditures. C) Planned real consumption spending plus planned real investment spending equals real GDP. D) Planned real investment spending will exceed real planned saving.

Suppose a U.S. automaker builds and operates a new factory in Italy. Future production from such an investment will

a. increase Italian GDP more than it increases Italian GNP. b. increase Italian GNP more than it increases Italian GDP. c. have no affect on Italian GNP, but will increase Italian GDP. d. have no affect on either Italian GDP or GNP.