Refer to the above data If exports should decrease by 20 billion at each level

Refer to the above data if exports should decrease by

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66.Refer to the above data. If exports should decrease by $20 billion at each level of GDP, then the equilibrium GDP for the economy will be: A. $650 billionB. $550 billionC. $500 billionD.$450 billionAACSB: AnalyticBlooms: Level 3 ApplyDifficulty: 3 HardLearning Objective: 11-04 Explain how economists integrate the international sector (exports and imports) and the public sector (government expenditures and taxes) into the aggregate expenditures model.McConnell - Chapter 11 #66Topic: Adding International Trade 67.Over time, an increase in the real output and incomes of the trading partners of the United States will most likely: AACSB: Reflective ThinkingBlooms: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 11-04 Explain how economists integrate the international sector (exports and imports) and the public sector (government expenditures and taxes) into the aggregate expenditures model.McConnell - Chapter 11 #67Topic: Adding International Trade 68.Which event would most likely decrease an economy's exports? AACSB: AnalyticBlooms: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 11-04 Explain how economists integrate the international sector (exports and imports) and the public sector (government expenditures and taxes) into the aggregate expenditures model.McConnell - Chapter 11 #68Topic: Adding International Trade 69.What is the likely result from a depreciation of a nation's currency when its economy is already operating at its full-employment level of output? AACSB: AnalyticBlooms: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 11-04 Explain how economists integrate the international sector (exports and imports) and the public sector (government expenditures and taxes) into the aggregate expenditures model. McConnell - Chapter 11 #69 Topic: Adding International Trade
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