An Increase in Exports of Goods or Services with No

question 53

Multiple Choice

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

• A) decreases GDP.
• B) increases 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.

---

Definitions:

Supply

The overall quantity of a product or service accessible to buyers.

Inverse Supply Curve

A representation of the relationship between the price of a good and its supply, showing how quantity supplied decreases as price decreases, contrary to the typical direct supply relationship.

Equation

A mathematical statement that asserts the equality of two expressions, typically represented by the symbol "=".

Straight Line

The shortest distance between two points without any curve or bend, often used in mathematical and geometric contexts.