Refer to the scenario above. Which of the following will happen if she keeps the dress for herself?
A) The GDP of her country will increase by $180.
B) The trade deficit of her country will decrease.
C) The GDP of her country will remain unchanged.
D) The trade surplus of her country will decrease.
C
Economics
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Deficit spending
What will be an ideal response?
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If other factors are held constant, an increase in the price level
A) causes desired net export spending to rise. B) causes the real value of the money to increase. C) causes desired net export spending to fall. D) induces people to spend their money faster.
Economics