15) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in- vestment is $30 billion, government spending is $25 billion, and net factor payment from abroad is $10 billion. Sweetland's net export is (A) 15 (B) -15 (C) 25 (D) -25
15) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in- vestment is $30 billion, government spending is $25 billion, and net factor payment from abroad is $10 billion. Sweetland's net export is (A) 15 (B) -15 (C) 25 (D) -25
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:(15) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in-
vestment is $30 billion, government spending is $25 billion, and net factor payment
from abroad is $10 billion. Sweetland's net export is
(A) 15
(B) -15
(C) 25
(D) -25
(16) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in-
vestment is $30 billion, government spending is $25 billion, and net factor payment
from abroad is $10 billion. Sweetland's current account balance is
(A) 15
(B) -15
(C) 25
(D) -25
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