If nominal GDP for 2009 is $6400 billion and real GDP for 2010 is $6720 billion (in 2009 dollars), then the growth rate of real GDP is

An example of expansionary fiscal policy is

A) increasing government expenditures. B) increasing taxes. C) decreasing government expenditures. D) decreasing taxes. E) a and d

Suppose the exchange rate was $0.50 for one British pound. If the exchange rate falls to $0.20 for one pound, we would expect to see

A) more exports to the U.K. since the price of the pound has risen. B) fewer exports to the U.K. since the price of the pound has risen. C) more U.S. imports from the U.K. since the price of the pound has fallen. D) more U.S. exports since the price of the dollar has fallen.