Options for answers in order: 1. Less, Greater 2. Marginal propensity to consume

Question

Options for answers in order: 1. Less, Greater 2. Marginal propensity to consume, Marginal propensity to import, Marginal propensity to export, Marginal trade propensity 3. Imports increase, exports decrease, imports decrease, exports increase 4. $0.137, $41, $0, $300 5. Imports, Exports urses.aplia.com/af/servlet/quiz?quiz action-takeQuiz&quiz; probGuid-QNAPCOA8010100000041db87300c00008ctx -mstowers1-0137ack 9. Marginal propenslty to import and net exports Aa Aa The following graph shows net exports for a hypothetical country. NET EXPORTS (Billions of dollars) 50 40 30 20 10 -10 -20 0 100 200 300 400 500 600 700 REAL GDP (Billions of dollars According to the graph, when the country is producing a real GDP of $400 billion, exports are imports. The slope of the net exports function is equal to the you that for every dollar increase in real GDP change (because they are assumed to be autonomous with respect to real GDP). than and thus tells by and do not

Explanation / Answer

1.Less. This is because Net exports (Exports - Imports) are negative.

2. Marginal propensity to import,

3.  Imports increase

4.  $0.137, Given by the slope of the net export function

5. Exports as exports are assumed to be autonomous.

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