Country X exports 10 million tonnes of wheat to Country Y. Which of the following will happen in this case?
A) Country X's GNP will decrease. B) Country Y's GNP will increase.
C) Country Y's GDP will increase. D) Country X's GDP will increase.
D
Economics
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The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Aggregate planned expenditure is less than actual expenditure if real GDP is
A) $700 billion. B) more than $700 billion. C) less than $700 billion. D) at the equilibrium level. E) Both answers A and C are correct.
Economics
If a firm shuts down in the short run, it will:
A. incur losses equal to its fixed costs. B. have total revenue greater than total fixed costs. C. reduce its losses to zero. D. do this because P > AVC.
Economics