Question

USE THE FOLLOWING TABLE TO ANSWER QUESTIONS 27 #28 AND 29.

27. What is this country’s next exports?
A.$350 B.-$350 C.$1,350 D.-$1,350
28. What is this country’s gross domestic product?
A.$4,200 B.$3,850 C.$4,550 D.$2,550
29. If the required reserve ratio is a uniform 25% on all deposits, the money multiplier will be?
A.4.0 B.2.5 C.0.4 D.0.25

Answer 1

Answer: A 4.0

Step-by-step explanation:

27. None of the options can be accurately chosen. 28. The country's gross domestic product is $4,200. 29. The money multiplier is 4.0.