Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There can be more than one answer per question 5 points In a small open economy, if exports equal $5 billion and imports equal $7

There can be more than one answer per question

image text in transcribed
5 points In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade and net capital outflow. O surplus; positive deficit; negative surplus; negative O deficit; positive 4 5 points When exports exceed imports, which are correct (multiple answers) domestic output exceeds domestic spending. domestic investment exceeds domestic saving. net exports are positive. RGDP increases

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

Environmental And Natural Resource Economics International Edition

Authors: Thomas H Tietenberg, Lynne Lewis

10th Edition

1292060794, 9781292060798

More Books

Students also viewed these Economics questions