Business, 20.02.2020 01:06, janiyaf8941
Suppose during the course of a year an economy produces $20 trillion of consumer goods, $5 trillion of investment goods, $10 trillion in government services, and has $6 trillion of exports and $4 trillion of imports. For this economy, GDP would be:
a.$45 trillion.
b.$37 trillion.
c.$35 trillion.
d.$33 trillion.
Answers: 2
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What should be a future effect upon the economy if a expansionary fiscal policy continues in an economy with an increasing budget deficit and growing national debt? a) deflation b) low inflation c) high inflation d) not enough information given
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Suppose during the course of a year an economy produces $20 trillion of consumer goods, $5 trillion...
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