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Home Q & A Board Other Fields Homework Help Business Economics
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mmaruska mmaruska
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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 a trade deficit of $23,000 occurs in the next year, GDP will ________, all other variables remaining unchanged.

▸ increase to $531,000

▸ fall by $2,000

▸ increase by $2,000

▸ fall to $325,000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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catdastercatdaster
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A year ago
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