Author Question: The following data describe Mexico's economy in 2007. Government spending 210 billion ... (Read 82 times)

rayancarla1 · **on:** Jun 29, 2018

The following data describe Mexico's economy in 2007.

Government spending 210 billion
Investment 210 billion
Exports 272 billion
Imports 283 billion
GDP 1 trillion
Population 110 million

From the data, we can conclude that ________ in Mexico in 2007.
A) consumption totaled 591 billion
B) net exports totaled -11 billion
C) GDP per person equaled 2000
D) imports were the largest component of GDP

Question 2

Which of the following would NOT shift the U.S. aggregate demand curve?

A) a change in income in Canada
B) a change in the quantity of capital in the United States
C) an expectation that inflation will be lower in the future
D) U.S. monetary and fiscal policy