Consider the Net Export Function

question 59

Multiple Choice

Consider the net export function.Suppose exports are $200 and imports are given by IM = 0.2Y.At what level of national income will net exports equal zero?

• A)$0
• B)$200
• C)$250
• D)$1000
• E)$1250

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Definitions:

Service Mark

A trademark used to identify and distinguish the services (rather than products) of one provider from those of others.

Trade Name

The name under which a business operates and is known to the public, different from its legal name.

Weather Announcer

A person or system that communicates weather forecasts and conditions to the public.

Patent Law

The area of law that deals with the protection of inventions, granting inventors exclusive rights to use, make, and sell their inventions for a certain period.