Which of the following statements is correct? Multiple Choice 1. An increase in exports will tend to increase, and an increase in imports will tend to decrease, the equilibrium real GDP. 2. An increase in exports and an increase in imports will both tend to increase the equilibrium real GDP. 3. An increase in exports and an increase in imports will both tend to decrease the equilibrium real GDP. 4. An increase in exports will tend to decrease, and an increase in imports will tend to increase, the equilibrium real GDP.

Which of the following statements is correct? Multiple Choice 1. An increase in exports will tend to increase, and an increase in imports will tend to decrease, the equilibrium real GDP. 2. An increase in exports and an increase in imports will both tend to increase the equilibrium real GDP. 3. An increase in exports and an increase in imports will both tend to decrease the equilibrium real GDP. 4. An increase in exports will tend to decrease, and an increase in imports will tend to increase, the equilibrium real GDP.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Output TFC 0 $500 2 500 4 CO 00 6 8 10 500 500 500 500 TVC $0 200 340 590 1000 1650 TC $500 700 840 1090 1500 2150
e. 0 10 20 11 12 13 14 15 16 17 18 19 20 $160,000 ▼ $160,000 V