Between 2017 and 2018,if an Economy's Exports Rise by $8

question 6

Multiple Choice

Between 2017 and 2018,if an economy's exports rise by $8 billion and its imports fall by $8 billion,by how much will GDP change between the two years,all else equal?

• A)Net exports will increase GDP by $8 billion.
• B)The increase in exports is offset by the decrease in imports,so there is no change in net exports and no effect on GDP.
• C)Net exports will increase GDP by $16 billion.
• D)Net exports will decrease GDP by $8 billion.

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Definitions:

Developmental Stage

A period in human growth and development characterized by specific behaviors, skills, and physical changes that are fairly predictable.

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In psychology, this refers to conflicting elements within an individual's personality or behaviors that may cause internal strife.

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A metaphorical term used to describe the development of an individual's psychological and emotional identity separate from the primary caregivers.

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