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The Table Below Shows National Income and Imports

question 76

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The table below shows national income and imports.The level of exports is fixed at $300.All figures in the table and in the questions are in millions of dollars. The table below shows national income and imports.The level of exports is fixed at $300.All figures in the table and in the questions are in millions of dollars.   TABLE 22-1 Refer to Table 22-1.On a graph of the net export function for this economy,at what level of Y would the NX function intersect the horizontal axis? A) at $0 B) at $2000 C) at $3500 D) at $4000 E) at $5000 TABLE 22-1 Refer to Table 22-1.On a graph of the net export function for this economy,at what level of Y would the NX function intersect the horizontal axis?


Definitions:

National Credit Cards

Credit cards that are accepted across a specific country, offering users the ability to borrow funds up to a pre-approved limit for purchases or cash advances.

Allowance Method

An accounting technique that companies use to account for bad debts by predicting what percentage of outstanding accounts will become uncollectible.

Bad Debt Expense

An anticipated expense account reflecting the estimated amount of receivables that a company does not expect to collect.

Finance Company

A business that provides loans to individuals and companies, apart from traditional bank lending activities, including consumer credit, leasing, and investment financing.

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