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Unformatted text preview: f net exports is a negative number for a particular year, then
(a) the value of rms’ inventories declined over the course of the year.
(b) consumption exceeded the sum of investment and government purchases during the year.
(c) the value of goods sold to foreigners exceeded the value of foreign goods purchased during
(d) the value of foreign goods purchased exceeded the value of goods sold to foreigners during
. A sheep rancher sells some wool to a wool processing company for
. e processed wool is
sold to a wool suit manufacturer for
. e wool suit is sold to a department store for
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This document was uploaded on 03/21/2014.
- Spring '14