Which of the expenditure components of GDP can be negative?
A. Net exports are negative when imports exceed exports
B. Consumption spending on durables
C. Consumption spending on services
D. Net exports
Answer: D
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If net exports are equal to net foreign investment
A) the current account balance is equal to the negative of the financial account balance. B) the balance of payments is zero. C) net capital inflows are equal to imports minus exports. D) All of the above are true when net exports are equal to net foreign investment.
Assume a company is at a point in production where marginal product is above average product. Which of the following must be true?
A. Diminishing marginal product must not have set in yet. B. Marginal product must be rising. C. Average product must be rising. D. All of these are true.