Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose GDP is $1,590, consumption expenditure is $1,400, government expenditure is $60, and net exports are $50. a) What is business investment expenditure? Investment expenditure

Suppose GDP is $1,590, consumption expenditure is $1,400, government expenditure is $60, and net exports are $50.

a)What is business investment expenditure?

Investment expenditure = $

0

b)If exports are $250, what are imports?

Imports = $

0

c)In this example, net exports are positive. Could they be negative?

Can net exports be negative?

(select here)

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

The Industries Of The Future

Authors: Alec Ross

1st Edition

1476753660, 9781476753669

More Books

Students also viewed these Economics questions

Question

To what microcultural groups do you belong?

Answered: 1 week ago