Assignment Instructions/ Description
EC2050 myeconlab homework question Expansion remains slowThe Commerce Department reported that retail sales increased 1.3 percent in June. Net exports were up 0.8 percent in thefirst quarter and inventories held by businesses rose by 0.3 percent in June. Total sales by businesses rose 0.3 percent.Source: Commerce Department, 2013Explain the effect of the rise in net exports on GDP.The rise in net exports ______.A. has no effect on GDPB. increases GDPC. decreases GDPD. increases or decreases GDP depending on whether it is composed of an increase in exports or adecrease in importsE. increases GDP only if exports increase. A decrease in imports has no effect on GDP
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