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cheesyboots cheesyboots
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A year ago
The table below shows the values of various economic variables of a country during a particular year.

VariablesValue
Consumption$185,000
Investment$60,000
Government expenditure$103,000
Exports$54,000
Imports$50,000

Refer to the table above. If consumption expenditure increases to $200,000 in the next year, GDP will ________, all other variables remaining unchanged.

▸ increase to $400,000

▸ fall to $367,000

▸ increase to $367,000

▸ fall to $400,000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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KocojdaKocojda
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A year ago
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