Refer to the scenario above. The nominal GDP of the country in Year 1 was ________

Which one of the following would shift the aggregate demand curve to the left?

A) an increase in the money supply B) an increase in exports C) an increase in taxes D) an increase in government spending

The following table contains data for the U.S. balance of payments in a prior year. Answer the question on the basis of this information. All figures are in billions of dollars.

U.S. goods exports +$793 U.S. goods imports -1573 U.S. exports of service +280 U.S. imports of services -222 Net investment income +5 Net transfers -81 Capital account -5 Foreign purchases of assets in the U.S. +1198 U.S. purchases of foreign assets -395 Refer to the table above. The data indicate that Americans: A. Bought foreign assets abroad more than foreigners bought assets in the U.S. B. Invested abroad more than foreigners invested in America C. Earned more from their investments abroad than foreigners earned from their investments in America D. Sold more products to buyers abroad than what foreign producers sold to buyers in America