Between 2014 and 2015, the exports of the U.S. economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select...


Between 2014 and 2015, the exports of the U.S. economy decreased by $5 billion and its imports increased by $5 billion. All else<br>equal? By how much has the GDP changed between the two years?<br>Select one:<br>a. None of the answers are correct<br>b. The change in net exports will increase GDP by $5 billion.<br>c. The change in net exports will decrease GDP by $5 billion.<br>d. The change in net exports will decrease GDP by $10 billion.<br>e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.<br>

Extracted text: Between 2014 and 2015, the exports of the U.S. economy decreased by $5 billion and its imports increased by $5 billion. All else equal? By how much has the GDP changed between the two years? Select one: a. None of the answers are correct b. The change in net exports will increase GDP by $5 billion. c. The change in net exports will decrease GDP by $5 billion. d. The change in net exports will decrease GDP by $10 billion. e. The decrease in exports is offset by the decrease in imports, so there is no change in net exports and no effect on GDP.

Jun 11, 2022
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