If net exports is a negative number for a particular year, then
A) the value of firms' inventories declined over the course of the year.
B) consumption exceeded the sum of investment and government purchases during the year.
C) the value of goods sold to foreigners exceeded the value of foreign goods purchased during the year.
D) the value of foreign goods purchased exceeded the value of goods sold to foreigners during the year.
Correct Answer:
Verified
Q198: Disposable personal income is the income that
A)households
Q199: Net exports equal
A)exports plus imports.
B)imports minus exports.
C)Y
Q200: Table 23-1
The following table contains data
Q201: GDP and GNP are identical when
A)exports and
Q202: Table 23-2
The following table contains data
Q204: Changes in the GDP deflator reflect
A)only changes
Q205: A Texas household receives a Social Security
Q206: Real GDP is the yearly production of
Q207: Table 23-2
The following table contains data
Q208: If real GDP doubles and the GDP
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