Suppose That in 2009 the Total Value of Exports Was

question 95

Multiple Choice

Suppose that in 2009 the total value of exports was $250 million,while imports were $225 million.The contribution of net exports to GDP was

• A) $250 million
• B) $25 million
• C) $475 million
• D) $225 million
• E) -$25 million

Understand the concept and reasons behind the downward slope of the aggregate demand curve.

Identify and distinguish between final goods and intermediate goods.

Understand the calculation and interpretation of GDP, including what is excluded or included in its calculation.

Recognize the impact of various activities and expenditures on GDP.

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Definitions:

Zen Buddhism

A school of Mahayana Buddhism that emphasizes meditation and intuition rather than ritual worship or study of scriptures.

Rigorous Discipline

A strict or demanding system of training, emphasizing precision, order, and efficiency, often used in academic, military, or personal development contexts.

Individual Salvation

Refers to the concept in various religions and philosophies where an individual seeks or attains liberation or salvation on a personal level, as opposed to through a collective community or institution.

Worldly Goods

Material possessions or wealth, often contrasted with spiritual or intangible values in philosophical and religious discourse.