The value of net exports is:
A. exports -imports.
B. (exports + imports) -tariffs.
C. exports + imports.
D. imports -exports.
Answer: A
Economics
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Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Nominal GDP in 2013 is equal to
A) $500. B) $800. C) $640. D) $625. E) $200.
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What is the present value of $104.25 that you could receive one year from now, given that the rate of interest is 4.25 percent?
A) $108.50 B) $0.00 C) $4.25 D) $100.00
Economics