If households purchase $60,000 worth of consumer goods and firms produce $50,000 worth of consumer goods, then
A) inventory changes are -$10,000.
B) inventory changes are +$10,000.
C) new capital goods expenditures (by firms) are $10,000.
D) consumer goods expenditures are $10,000.
A
Economics
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Which statement is false?
A. Our balance of payments is the entire flow of U.S. dollars and foreign currencies into and out of the country. B. Our trade balance is just the difference between our imports and our exports. C. Our trade balance has been negative since the mid-1970s. D. None of these statements are false
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