Real exports of goods and services increased 4.2 percent in the second quarter, after falling 0.2 percent
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Real exports of goods and services increased 4.2 percent in the second quarter, after falling 0.2 percent in the first quarter. Real imports of goods and services increased 2.7 percent, after falling 1.4 percent in the first quarter. Explain how the changes in exports and imports reported here influence the quantity of real GDP demanded and aggregate demand. In which of the first two quarters of 2014 did exports and imports contribute more to the change in aggregate demand?
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Solution a My explanation is that higher exports increase ...View the full answer
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Related Book For 
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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