Question

15. Suppose a country had net exports of negative $7.5 billion and sold $44.6 billion of goods and services

abroad. This country had

a. $44.6 billion of imports and $52.1 billion of exports.

b. $52.1 billion of exports and $44.6 billion of exports.

c. $44.6 billion of imports and $37.1 billion of exports.

d. $44.6 billion of exports and $37.1 billion of imports.

16 Which of the following led to an introduction of a new $1,000 peso bill in Argentina in the 2017?

a. An economic depression

b. A misguided political situation

c. Stagflation

d. Deflation

e. A prolonged deflation

Answer 1

15,) correct answer will be:

(a.) $44.6 billion of imports and $52.1 billion of exports . ( This is because as negative net import is $7.5 billion and profit or sold is $44.6 billion of goods and services which means the imports is directly the profit or sold once and the exports will be the sum of both negative and sold {$7.5 + $44.6 } billions = $52.1 billions.

16.) (a.) An economic depression (this measure was desined to reduce the amount of physical cash people need to carry.)