QUESTION 33What happens when imports are more than exports?There is a;OA Trade deficitOB. Trade surplusOCTrade barrierOD.Trade quolaQUESTION 34The value of output of a KFC (an American owned company) in Japan is counted as part of GDP forOA USAOB.Japan and USAJapanO D-ChinaQUESTION 35In year 1 nominal GDP is $ 20 trillion and in year 2 nominal GDP is $ 24 trillion. What was the growth rate of nominal GDP between year 1 and 2?O A. 16.7%OB 83.3%OC.20%%O D.10.0%QUESTION 36Given the diagram below which of the following statements is true?4.003002502001501.00012 1 4S62 .o10 1 12 13 415Ority hosandh of dosee per moeO A. When the price is $2 there is a surplus of 4 unitsO B. When the price is $1:50 the quantity demanded is 4 unitsOCWhen the price is $3.50 the quantity demanded is 12 unitsO D.When the price is $3.00 there is a surplus af 4 unitsuteg apop ud

Answered: QUESTION 33 What happens when imports…

QUESTION 33 What happens when imports are more than exports? There is a OA Trade delicit OB Trade surplus OCTrade barrier OD.Trade quola

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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