As of 2013, annual imports to the U.S. were approximately ____ and annual exports from the U.S. were approximately ____

If aggregate expenditure in an economy equals 1,000 + 0.9Y and full employment real GDP equals 9,000, then this economy has

A. an inflationary gap. B. no output gap. C. a recessionary gap. D. no autonomous expenditure.

In Figure 1.2, which labeled point indicates that there are sufficient resources and technology to produce the combination of goods represented by that point?

A. only A B. only C C. only D D. A, B, and C