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Author Question: When GDP = 2.5 trillion, C = 1.0 trillion, I = 0.6 trillion, G = 0.4 trillion, and NX = 0. Then ... (Read 143 times)

bobthebuilder

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on: Jun 29, 2018
When GDP = 2.5 trillion, C = 1.0 trillion, I = 0.6 trillion, G = 0.4 trillion, and NX = 0. Then
 
  A) unplanned inventory change = -0.5 trillion.
  B) equilibrium expenditure = 2.0 trillion.
  C) aggregate planned expenditure = 1.6 trillion.
  D) unplanned inventory change = 0.5 trillion.
  E) aggregate planned expenditure = 2.5 trillion.

Question 2

Today, one U.S. dollar exchanges for 1.10 euros. The next morning the same dollar exchanges for 1.07 euros. We can conclude that the dollar has ________ and the euro has ________.
 
  A) depreciated; appreciated
  B) appreciated; appreciated
  C) appreciated; depreciated
  D) depreciated; neither appreciated nor depreciated
  E) depreciated; depreciated


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morrie123456

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

D

Answer to Question 2

A


bobthebuilder

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

sultana.d

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Reply 3 on: Yesterday
Excellent

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