Trade Show Exhibit Display Booths

need help with ECONOMICS BAD!!!?

1.Net exports: a.will increase if exports of goods decline. b.will increase if imports of goods rise. c.in our GDP accounts permit estimation of foreign ownership of American businesses. d.include budgetary outlays of the federal government. e.is the net effect of the foreign trade sector on GDP. 2.The circular flow of economic activity is a model of the: a.flow of goods, resources, payments, and expenditures between the sectors of the economy. b.influence of government on business behavior. c.influence of business on consumers. d.role of unions and government in the economy. 3.The circular flow model assumes: a.businesses and households own the factors of production. b.businesses own the factors of production. c.government owns the factors of production. d.households own the factors of production. e.firms, households, and the government own the factors of production. 4.If exports rise and imports fall, then: a.GDP will increase. b.GDP will decrease. c.GDP may remain unchanged. d.net exports will fall. e.transfer will rise. National income account(billions of dollars) Personal consumption expenditures (C)$500 Exports (X) 50 Federal government spending (G) 100 State and local government spending (G) 200 Imports (M) 15 Gross private domestic investment (I) 65 ____5.As shown in Exhibit 11-1, net exports are: a.$50 billion. b.$15 billion. c.$35 billion. d.$65 billion. ____6.Which of the following would not be included in the gross private domestic investment (I) category of GDP? a.A bakery's purchase of a new oven. b.A retailer's additions to its inventories. c.Newly built residential construction.

Public Comments

1. 1. e 2. a 3. b 4. a 5. c 6. b (unsure of this one)
2. 1. e 2. a 3. b 4. a 5. c 6. c..