If GDP (Measured in Billions of Current Dollars) Is $5,465

question 98

Multiple Choice

If GDP (measured in billions of current dollars) is $5,465, consumption is $3,657, investment is $741, and government purchases are $1,098, then net exports are:

• A) $131.
• B) -$131.
• C) $31.
• D) -$31.

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Definitions:

Managed Floating Exchange Rates

A currency exchange rate system where the currency value is influenced by supply and demand, but with occasional intervention by the central bank.

U.S. Trade Deficits

The situation where the United States imports more goods and services than it exports, resulting in a negative trade balance.

Domestic Consumption

The total amount of goods and services consumed within a country.

Indebtedness

The condition of owing money or being under financial obligation.