Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer as soon as possible, thanks. Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and govemment purchases are $2 billion. If

image text in transcribed

Answer as soon as possible, thanks.

image text in transcribed
Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and govemment purchases are $2 billion. If GDP is $14 billion, which of the following could be true regarding exports and imports in the economy? O A. Exports are $15 billion, and imports are $10.5 billion. 0 B. Exports are $9 billion, and imports are $6 billion. O C. Exports are $4.5 billion, and imports are $2 billion. O D. Exports are $5 billion, and imports are 58.5 billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Advanced Macroeconomic Theory

Authors: Ola Olsson ]

1st Edition

9780415685085

More Books

Students also viewed these Economics questions

Question

Define the terms "revenue" and "expense".

Answered: 1 week ago