If imports increased by $100 million while GDP remained the same, which of the following could have occurred, all else being the same?
a. Exports decreased by $100 million.
b. Consumption increased by $100 million.
c. Government spending decreased by $100 million.
d. Net exports increased by $100 million.
e. Private investment decreased by $100 million.
B
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Changes in which of the following factors would affect the growth of an economy?
I. Quantity and quality of human and natural resources II. Amount of capital goods available III. Technology (a) I only (b) I and II only (c) I and III only (d) II and III only (e) I, II, and III
Refer to Table 22-3. Use the table above to calculate the annual growth rate in GDP. Also calculate the total percentage change in the growth from 2013 through 2016
Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.