7) Assume that a $1.00 increase in exports increases GDP by income increases import spending by $0.15. In this case, a $1,000 million increase in exports will increase net exports by A) $550 million. B) S700 million. C) $1,000 million. D) $1,350 million.
7) Assume that a $1.00 increase in exports increases GDP by income increases import spending by $0.15. In this case, a $1,000 million increase in exports will increase net exports by A) $550 million. B) S700 million. C) $1,000 million. D) $1,350 million.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![7) Assume that a $1.00 increase in exports increases GDP by $3.00, and a $1.00 increase in
income increases import spending by $0.15. In this case, a $1,000 million increase in exports
will increase net exports by
A) $550 million.
B) $700 million.
C) $1,000 million.
D) S1,350 million.
ore](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5ad74b8-9ae9-423e-8ccb-a9b1d8336d37%2F53d3568d-25fe-41f1-aec4-3e8e93fc33f9%2Fsbwc91f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7) Assume that a $1.00 increase in exports increases GDP by $3.00, and a $1.00 increase in
income increases import spending by $0.15. In this case, a $1,000 million increase in exports
will increase net exports by
A) $550 million.
B) $700 million.
C) $1,000 million.
D) S1,350 million.
ore
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