Net Exports Equal GDP Minus Domestic Spending On

question 136

Multiple Choice

Net exports equal GDP minus domestic spending on:

• A) all goods and services.
• B) all goods and services plus foreign spending on domestic goods and services.
• C) domestic goods and services.
• D) domestic goods and services minus foreign spending on domestic goods and services.

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Definitions:

Toll-free Roads

are roads for which no fee is charged for use, allowing unrestricted travel without financial cost.

Congested

Refers to situations where the demand for a particular resource outstrips its supply, often leading to overcrowding or delays.

Rush-hour

Peak traffic times in urban areas, typically occurring in the morning and evening, when demand for public and private transportation is highest.

Public Goods

Goods or services that are non-excludable and non-rivalrous, meaning they can be used by everyone without diminishing their availability to others, such as public parks or national defense.