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Comment by torian keaton: Where it says nomial GDP Click to select, Options are Increase, decrease, or remain constant Choices for questions with Graph above: A. Remain the Same @ PPF1 Increase and...

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Comment by torian keaton: Where it says nomial GDP Click to select, Options are Increase, decrease, or remain constant
Choices for questions with Graph above:
A. Remain the Same @ PPF1
Increase and move to PPF3
Decrease and move to PPF2
B. Increase and move to PPF3
Remain the same at PPF1
Decrease move to PPF2
C. Remain the same at PPF1
Increase and move to PPF3
Decrease and move to PPF2
    Comment by torian keaton: Click to select slot choices are No, Downward, Upward
Answered Same Day Aug 18, 2021

Solution

Sumit answered on Aug 19 2021
137 Votes
1. The co
ect answer is option C; The US Army buys a new armored tank from the lima army tank plant.
Reason: Government Purchase includes purchase of military equipment’s by the government.
2. The formula for calculating the value of net exports is Value of Exports – Value of Imports
In 2015:
Exports = 2373.10
Imports = 2857.90
Net Exports = -484.8
In 2016:
Exports = 2403.30
Imports = 2960.00
Net Exports = -556.7
3.
(a). The formula for...
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