Author Question: If a nation's imports exceed its exports: a. net exports will be positive. b. GDP will be less than ... (Read 171 times)

stephzh · **on:** Jun 30, 2018

If a nation's imports exceed its exports:
a. net exports will be positive.
b. GDP will be less than the sum of consumption, investment, and government purchases.
c. GDP will be greater than the sum of consumption, investment, and government purchases.
d. none of the above apply.

Question 2

As an household's wealth increases, it will experience a(n):
a. increase in its MPC.
b. decrease in autonomous consumption.
c. decrease in its MPS.
d. increase in autonomous consumption.
e. increase in autonomous saving.