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Author Question: Government purchases currently take up about A) 20 percent of U.S. GNP, and this share has not ... (Read 18 times)

lb_gilbert

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on: Jun 30, 2018
Government purchases currently take up about
 
  A) 20 percent of U.S. GNP, and this share has not changed much since the late 1950s.
  B) 38 percent of U.S. GNP, and this share has not changed much since the late 1950s.
  C) 18 percent of U.S. GNP, and this share has been increasing since the late 1950s.
  D) 18 percent of U.S. GNP, and this share has been decreasing since the late 1950s.
  E) 25 percent of U.S. GNP, and this share has been decreasing since the late 1950s.

Question 2

How does an increase in the real exchange rate affect exports and imports?
 
  A) Exports increase; imports decrease.
  B) Exports decrease; imports increase.
  C) Exports increase; imports change ambiguously.
  D) Exports change ambiguously; imports decrease.
  E) Exports increase; imports are constant.


stanleka1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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