Between 2013 and 2014,if an Economy's Exports Rise by $8

question 209

Multiple Choice

Between 2013 and 2014,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.

Recognize and manage complications associated with intravenous therapy.

Apply infection control measures in intravenous therapy.

Comprehend the long-term intravenous access options and their indications.

Execute proper procedures for drawing blood from a central venous access device.

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

Net Exports

The value of a country's total exports minus the value of its total imports, representing a component of a nation's GDP.

Short Run

A period in which at least one input is fixed, limiting the ability of a firm to adjust all of its inputs to change output.

Unemployment

A situation where individuals who are capable of working and are actively seeking work are unable to find employment.