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Author Question: The following data describe Mexico's economy in 2007. Government spending 210 billion ... (Read 113 times)

rayancarla1

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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


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Tonny

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


rayancarla1

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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