Question

at the equilibrium gdp for a private open economy: group of answer choices imports will always exceed exports. exports and imports will be equal. net exports may be either positive or negative. exports will always exceed imports.

Answer 1

Expenses incurred by businesses and consumers When aggregate spending exceeds GDP in a private closed economy:- GDP will fall.- Business stockpiles will rise.

Real GDP in a private closed economy at equilibrium: The APC and MPC must be equal. The MPS is the same as the slope of the aggregate expenditures schedule. Real GDP and aggregate expenditures are comparable.

Do private goods count toward GDP?

All private and public consumption, government expenditures, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade are included in the GDP calculation of a nation. The value is increased by exports, while the value decreases by imports).

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