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If the value of net exports is negative, then

Alek Hsiang

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If the value of net exports is negative, then

Question 1.

When calculating GDP, exports are ________ and imports are ________.

▸ added; added

▸ added; subtracted

▸ subtracted; added

▸ subtracted; subtracted

Question 2.

If the value of net exports is negative, then

▸ exports exceed imports.

▸ imports exceed exports.

▸ exports equal imports.

▸ imports are zero.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 41 times

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More solutions for this book are available here

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