Question

1. The United States will have a trade deficit as long as:( Hint Two answers) -spending...

1. The United States will have a trade deficit as long as:( Hint Two answers)

-spending by American households, businesses, and government is greater than GDP.

-spending on the American economy is greater than what it can produce.

-spending on the American economy is less that what it can produce.

-imports are greater than exports.

2. The Federal Reserve consists of:

Group of answer choices:

12 Regional Federal Reserve Districts

Federal Marketing Committee

Board of District Banks

Board of Chairmen

Board of Governors

50 State Federal Reserve Districts

Federal Open Market Committee

3. GDP does NOT directly include:

-the value of goods produced domestically and sold abroad.

-the value of final goods and services produced, but not sold, during a period.

-the value of services rendered during a period.

-the value of intermediate goods sold during a period.

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Answer #1

Please give ratings it will be appreciable thank you

Solution

(1) The trade deficit is the exceeded amount of import over export

spending on the American economy is greater than what it can produce is called consuming import so its called trade deficit

imports are greater than exports it is trade deficit

(2)

The Federal Reserve consists  Board of Governors, 12 regional federal reserve banks in major cities throughout the U.S., member bank which are stockholder in there district reserve bank, federal open market committee and advisor console

(3)GDP does not include intermediate goods sold during a period.

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