MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the
question.
1) Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and
government expenditures are $2 billion. If GDP is $14 billion, which of the following could be true
regarding exports and imports in the economy?
1)
A) Exports are $9 billion, and imports are $6 billion.
B) Exports are $15 billion, and imports are $10.5 billion.
C) Exports are $6 billion, and imports are $8.5 billion.
D) Exports are $4.5 billion, and imports are $2 billion.
2) The unemployment rate is
2)
A) the percentage of the working-age population that is unemployed.