Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

GDP equals $12 trillion. If consumption equals $6.90 trillion, investment equals $2.0 trillion and government spending equals $206 trillion, then: A. Exports exceed imports by

  1. GDP equals $12 trillion. If consumption equals $6.90 trillion, investment equals $2.0 trillion and government spending equals $206 trillion, then:

A. Exports exceed imports by $.5 trillion

B. Exports exceed imports by $1.5 trillion

C. Imports exceed exports by $1.5 trillion

D. Imports exceed exports by $.5 trillion

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

Anatomy Of A Fraud Investigation

Authors: Stephen Pedneault

1st Edition

470560479, 978-0470560471

More Books

Students also viewed these Economics questions