If U.S. exports of goods and services exceed imports
A. GDP in the United States will be less than the sum of consumption, investment, and government purchases.
B. GDP in the United States will exceed the sum of consumption, investment, and government purchases.
C. net exports for the United States equals gross investment.
D. net exports for the United States equals gross savings.
B. GDP in the United States will exceed the sum of consumption, investment, and government purchases.
You might also like to view...
Use the idea of the circular flow diagram to explain why the value of production equals total income equals total expenditure
What will be an ideal response?
For a monopolistically competitive market, the number of firms in the market implies that
A) each firm faces a perfectly elastic demand. B) all firms will make losses. C) each firm acts independently of other firms. D) firms will collude to set monopoly price and output.