Answer to Question #192928 in Microeconomics for Josef Albertina

Question #192928

How does a 100-billion decline in exports affect the gdp/income?


1
Expert's answer
2021-05-17T12:00:30-0400

When there is a decrease of 100 billion, exports will decrease the aggregate demand causing lower economic growth, this will lead to decrease in the nations exporting GDP.


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