If US Imports of Goods and Services Exceed Exports, U

question 79

Multiple Choice

If U.S. imports of goods and services exceed exports, U.S.:

• A)GDP is less than the sum of consumption, investment, and government purchases.
• B)GDP exceeds the sum of consumption, investment, and government purchases.
• C)net exports are positive.
• D)GDP equals the sum of consumption, investment, and government purchases.

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Definitions:

Owned 50-50

refers to an arrangement or agreement where two parties each hold a fifty percent ownership interest in an asset, entity, or property.

Liable

The state of being legally responsible for something, especially in the context of lawsuits or debts.

Storage Shop

A commercial facility used for the storage of goods or personal items.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another.