Question
A bookstore in San Francisco imports $4000 worth of new manga from Japan, and sells $1000 of them to local consumers. Pick the answer that
A bookstore in San Francisco imports $4000 worth of new manga from Japan, and sells $1000 of them to local consumers. Pick the answer that describes the overall effect of how U.S. GDP and each of its components changes for the current year.
a. no changes to GDP or its components
b. Investment spending increases by $1000, consumption spending increases by $3000, net exports increase by $4000, GDP c. increases by $4000
d. Net exports decrease by $4000, consumption increases by $1000, GDP decreases by $3000
e. Investment spending increases by $3000, consumption spending increases by $1000, GDP increases by $4000
f. Net exports decrease by $4000, consumption spending increases by $1000, investment spending increases by $3000
g. Net exports increase by $3000, consumption spending increases by $1000, GDP inceases by $4000
h. Net exports and GDP both increase by $4000
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