Assume Net Exports Are €-220, Consumption Is €5,000, Tax Revenues

question 43

Multiple Choice

Assume net exports are €-220, consumption is €5,000, tax revenues are €1,000, government purchases are €1,500, and 2010 GDP, calculated by the expenditures approach, is €8,000. We can conclude that

• A) Private investment was €1,940.
• B) Public investment was €310.
• C) Private investment was €320.
• D) Private investment was €1,720.

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Definitions:

The Birth of a Nation

A controversial 1915 film directed by D.W. Griffith, noted for its innovative cinematic techniques and its profoundly racist depiction of African Americans and the reconstruction era.

Ku Klux Klan

An infamous organization in the United States known for its promotion of white supremacy and terrorist acts against minority communities, particularly during Reconstruction and the later civil rights era.

President Wilson

Woodrow Wilson, the 28th President of the United States, who served from 1913 to 1921, known for leading the U.S. during World War I and advocating for the League of Nations.

Afro-Caribbean Migration

The movement of people from the Caribbean region to other countries, notably those of African descent seeking better economic opportunities or fleeing from political turmoil.