If France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.
<h3>
What is trade surplus?</h3>
- When focused simply on trade effects, a trade surplus indicates that a country's goods are in high demand on the global market, which raises the price of those items and leads to a direct strengthening of the home currency.
- When exports surpass imports, the trade balance (surplus) is positive.
- When exports are fewer than imports, the trade balance is negative (deficit).
- When a country exports more goods than it imports, it has a trade surplus.
- For example, if China exported $1 trillion in products while importing only $200 billion in goods, it would have an $800 billion trade surplus.
Therefore, if France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.
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The complete question is given below:
If France had positive net exports last year, then it
A. sold more abroad than it purchased abroad and had a trade surplus.
B. sold more abroad than it purchased abroad and had a trade deficit.
C. bought more abroad than it sold abroad and had a trade surplus.
D. bought more abroad than it sold abroad and had a trade deficit.
D) Which is Defaulting on a loan!
Answer:
The answer is <u>"$110 billion".</u>
Explanation:
Firms increase their investment by $11 billion
mpc = 0.9
gdp = ?
To find the gdp, first we have to find expenditure multiplier;
we will find that by using the formula;
expenditure multiplier = 1/(1-0.9) = 1/0.1 = 10
Now gdp = 10 x $11 billion
= $110 billion
Thus the <u>gdp is $110 billion.</u>
Answer:
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