Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Diddy spends $1,500 on a new laptop to use in his business in San Francisco. The laptop was built in Canada. Pick the answer that

Diddy spends $1,500 on a new laptop to use in his business in San Francisco. The laptop was built in Canada. Pick the answer that describes the overall effect of how U.S. GDP and each of its components changes for the current year.

a. Investment spending and net exports both increase by $1500

b. Investment spending and net exports both increase by $1500, GDP increases by $3000

c. Investment spending increases by $1500, net exports decreases by $1500

d. Consumption spending and net exports both increase by $1500, GDP increases by $3000

e. Consumption spending increases by $1500, net exports decreases by $1500

f. Consumption spending and GDP both increase by $1500

g. Investment spending and GDP both increase by $1500

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

Democracy And Public Administration

Authors: Richard C Box

1st Edition

1317473213, 9781317473213

More Books

Students also viewed these Economics questions

Question

Psychological issues associated with officiating/refereeing

Answered: 1 week ago