Which component(s) had a positive contribution to growth in each quarter?Choose one or more:A. gross private domestic investment spendingB. government spendingC. net exports of goods and servicesD. consumption expenditurePart 2See HintAs you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall?Choose one or more:A. Q4 2018OB. Q1 2019□ C. Q2 2019OD. Q3 2019E. Q4 2019Part 3See HintEconomists look at current and past GDP data to get some idea of what might happen to GDP growth in the future. If we look at the lastthree quarters, Q2 2019 to Q4 2019, the contribution ofspending in particular might lead to slower growth in thefuture.

Step 1:Question 1:Which component(s) had a positive contribution to growth in each quarter?To answer…

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Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 12SCQ: If a country is running a government budget surplus, why is (T - G) on the left side of the...

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