In calculating total spending, after adding together Consumption, Investment, and Government Purchases, we must
a. add imports and subtract exports
b. add exports and subtract imports
c. compute net consumption and net investment by subtracting products produced abroad
d. compute net consumption and net investment by adding products produced abroad
e. compute net consumption and net investment by add products consumed abroad
B
You might also like to view...
The Fed can influence:
A. the budget of the federal government. B. the household savings rate. C. U.S. tax rates. D. the U.S. money supply.
If 10 units of a good are sold at a market price of $40 each, then
a. the value to some individual of the tenth unit of output is $40 b. the economy is efficient c. selling an 11th unit would be a Pareto improvement d. a side payment of $40 is needed to ensure that the good is produced e. the market must be perfectly competitive