Suppose that a country imports $5.7 billion of goods and services and exports $4.2 billion of goods and services. What is the value of net exports?
A. -$1.5 billion
B. $9.9 billion
C. -$9.9 billion
D. $1.5 billion
Answer: A
Economics
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Other things equal, which of the following would increase the rate of economic growth, as measured by changes in real GDP?
A. A decline in the average length of the workweek. B. A decrease in the labor force participation rate. C. An increase in the size of the working age population. D. A decline in the amount of capital per worker.
Economics
Since 1975, U.S. exports and imports have:
A. grown absolutely but remained a constant proportion of GDP. B. grown absolutely but declined as a proportion of GDP. C. grown both absolutely and as a percentage of GDP. D. declined both absolutely and as a percentage of GDP.
Economics