Social Studies, 28.10.2019 02:31 MissDumb1
Country 1 has a gross domestic product (gdp) of $75 billion. the country has a large public sector, which accounts for $25 billion of spending. consumer spending and investment spending account for $25 billion and $15 billion respectively. what are the values of country 1’s imports and exports?
a. country 1’s imports are worth $20 billion and its exports are worth $30 billion.
b. country 1’s imports are worth $25 billion and its exports are worth $15 billion.
c. country 1’s imports are worth $15 billion and its exports are worth $10 billion.
d. country 1’s imports are worth $10 billion and its exports are worth $25 billion.
Answers: 2
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Country 1 has a gross domestic product (gdp) of $75 billion. the country has a large public sector,...
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