In the short run, a factor that leads to changes in U.S. imports is
A) the real interest rate.
B) the level of income in foreign nations.
C) U.S. exports.
D) U.S. real GDP.

Question

Quizplus · Accepted Answer

In the short run, U.S. real GDP affects imports because as the domestic economy grows, consumers and businesses have more income to spend, including on foreign goods and services.

In the Short Run, a Factor That Leads to Changes