An Increase in Exports of Goods or Services with No

question 315

Multiple Choice

An increase in exports of goods or services with no change in imports of goods or services

• A) increases GDP.
• B) decreases GDP.
• C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased.
• D) has no effect on GDP.

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Definitions:

Mean

The average of a set of numerical values, calculated by summing them together and dividing by the number of values.

Median

The middle value in a data set, which separates the higher half from the lower half of the dataset.

National Football League

A professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Mean Number

The average of a set of numbers, calculated by dividing the sum of all values by the count of values.