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Author Question: GDP equals 5 trillion. If consumption equals 3.5 trillion, investment equals 1 trillion, and ... (Read 112 times)

sheilaspns

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on: Jun 30, 2018
GDP equals 5 trillion. If consumption equals 3.5 trillion, investment equals 1 trillion, and government spending equals 1.5 trillion, then:
 a. exports exceed imports by 1 trillion.
  b. imports exceed exports by 1 trillion.
  c. net exports equal zero.
 d. exports exceed imports by 1.5 trillion.

Question 2

A change in consumption caused by a change in disposable income is shown by:
 a. a movement along the consumption function.
  b. a rightward shift of the consumption function.
  c. a change in the slope of the consumption function.
  d. a leftward shift of the consumption function.
  e. the point where the consumption function touches the 45 degree line.


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zacnyjessica

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

b

Answer to Question 2

a


sheilaspns

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Reply 2 on: Jun 30, 2018
:D TYSM

anyusername12131

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Reply 3 on: Yesterday
Excellent

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