If the dollar depreciates relative to the Mexican peso,
A) U.S. exports to Mexico become more expensive.
B) U.S. exports to Mexico become less expensive.
C) Mexican imports to the United States become less expensive.
D) The value of Mexican imports to the United States does not change, but the value of U.S. exports to Mexico increases.
B
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Refer to the table above. What will be the value of the gross domestic product of the country if the country runs a trade surplus of $30,000 next year, everything else remaining unchanged?
A) $378,000 B) $372,000 C) $407,000 D) $524,000
Changes in business inventories
A) are included in gross but not in net investment. B) can either be positive or negative. C) are not included in GDP because they are not sold to anyone. D) are only partly included in GDP because part of these are holdings of intermediate goods.