Question

Answer these for me:

1) The _____ of final goods and services is their value at market price.

2) As a country's currency ____, international demand for its products falls, other things remaining equal

3) As a country's currency _______, its goods sell for lower prices in other countries and the demand for its products increases, other things remaining equal.

GDP= C + I + G + X, where X is _________.

In the above equation, C is ____.

In the above equation, I is _______.

Answer 1

a) The "marginal cost" of final goods and services is their value at the market price.

b)  As a country's currency "appreciates", international demand for its products falls, other things remaining equal

c)  As a country's currency "depreciates", its goods sell for lower prices in other countries and the demand for its products increases, other things remaining equal.

d) X is the net exports.

e) C is the consumption and the I is the investment.