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The table below shows the values of various economic variables of a country during a particular ...

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The table below shows the values of various economic variables of a country during a particular ...

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

Variables	Value
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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 33 times

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