Which one of the following is TRUE in an open economy with a government sector?
A) The equilibrium level of real GDP occurs when total planned real expenditures equal real GDP.
B) The equilibrium level of real GDP occurs when planned real investment spending is zero.
C) The equilibrium level of real GDP occurs when planned real saving equals government spending.
D) The equilibrium level of real GDP occurs when real net export spending equals zero.
Question 2
In 2012, which of the following countries had negative net export spending in GDP?
A) Germany B) Hong Kong C) the United States D) China
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