The table given below states the value of the GDP and the different components of aggregate expenditure for two years. Table 10.1
Refer to Table 10.1.What is the equilibrium level of imports in year 2?
Definitions:
Evaluative Criteria
The various dimensions, standards, or attributes that consumers consider when judging the merits of competing options.
Consideration Set
A group of brands or products that a consumer views as viable options to fulfill a specific need or desire.
Subjective Attributes
Qualitative features or characteristics of a product or service that are based on personal opinions, tastes, and preferences.
Objective Attributes
The tangible and measurable features of a product, such as quality, price, and size, which can be directly compared across products.
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