QUESTION 1 S+M $75 50 $120 200 240 320 GDP In equilibrium in the above private open economy: O exports exceed imports. O a balance of payments surplus exists. O imports exceed exports. O net exports are a positive amount.

QUESTION 1 S+M $75 50 $120 200 240 320 GDP In equilibrium in the above private open economy: O exports exceed imports. O a balance of payments surplus exists. O imports exceed exports. O net exports are a positive amount.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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13. Draw a diagram and illustrate the effects of the follow- ing on the net exports function for the United States: a. The French government imposes restrictions on French imports of U.S. goods. ate my. b. The U.S. national income rises. c. Foreign income falls. d. The dollar depreciates on the foreign exchange market. 60 00 C functiom different. how transcribed image text
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