Suppose a US-owned firm in Canada imported $1000 worth goods from China in 2018. This company ended up selling only $800 of the imported goads todomestic final users. Which of the following would occur from these transactions for the 2018 GDP expenditure side??Select one or more:O NX, falls by $800.O G, goes up by $1000O X, goes down by $1000O C, goes up by $800O rises by $200IM, goes up by $1000.

Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Suppose a US-owned firm in Canada imported S1000 worth goods from China in 2018. This company ended up selling only $800 of the imported goods to domestic final uners. Which of the following would occur from thene transactions for the 2018 GDP expenditure side? Select one or more: O NX, falls by $800. O G, goes up by $1000 O X, goes down by $1000 O C, goes up by $800 rises by $200 IM, goes up by $1000.

Suppose a US-owned firm in Canada imported S1000 worth goods from China in 2018. This company ended up selling only $800 of the imported goods to domestic final uners. Which of the following would occur from thene transactions for the 2018 GDP expenditure side? Select one or more: O NX, falls by $800. O G, goes up by $1000 O X, goes down by $1000 O C, goes up by $800 rises by $200 IM, goes up by $1000.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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