gselm
03.12.2020 •
Social Studies
Expenditure Model of Gross Domestic Product (GDP)
GDP = consumer spending + government spending + investment + (Y - Z)
What is another term for (Y - Z) in the formula?
A. Debt service
B. Net exports
C. Net imports
D. Tax revenue
Solved
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Ответ:
Absolute advantage refers to the ability of a country to produce a good more efficiently than other countries. In other words, a country that has an absolute advantage can produce a good with lower marginal cost (fewer materials, cheaper materials, in less time, with fewer workers, with cheaper workers, etc.).
Explanation: