In calculating the nation’s total output, net exports do not
A. represent exports of goods and services minus imports of goods and services.
B. have been a negative number in the last several years.
C. would include purchases of U.S.-made automobiles by foreigners minus purchase of foreign-made automobiles by U.S. residents.
D. have been positive since global trade as expanded.
Answer: D
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In the monetarist view, if there is an increase in money growth then
a. the money supply and inflation will grow proportionally, with no effect on output and employment. b. the money supply grows faster than the inflation rate, with unfavorable effects on output and employment. c. the money supply grows faster than the inflation rate, leading to an increase in output and employment in the short-run. d. there will be no effect on output, employment, or inflation, in the long-run. e. both c and d.
Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that country
a. discourage market exchange. b. protect people and their property and enforce contracts even-handedly. c. abolish private property rights. d. all of the above.