48. A negative amount of net exports in the GDP expenditures accounting means a.

Question

48. A negative amount of net exports in the GDP expenditures accounting means a. exports are less than imports. b. imports are less than exports. c. the sum of this period's exports and imports has declined from the previous period. d. net exports have declined from the previous period. 49-50 1 Use following diagram to answer the next two questions. Apples (bushels) Which of the following could move Point A to point E? a) b) c) d) 49. policies encouraging full employment of resources technological innovations in the production of apples only an increase in the land available for agriculture use a transfer of available resources from apple to wheat production 50. The statement "to get more apples we have to give up wheats" is best illustrated in the above diagram by a movement from: a) Point A to Point E b) Point C to Point E c) Point B to Point C. d) Point E to Point C.

Explanation / Answer

Q48
Answer
Option a
Net export=export - import
if the net export is negative then
export<import

Q49
Answer
Option a
The point 'A' is underemployed or less use of resources so if the policies are to fully use of resources then the output will increase to the point on PPF
Q50
Answer
Option d
the change from E to C goes toward left and down so the apple quantity increases and wheat decreases.

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