By how much does the current Australian GDP rise in the following scenario? Your local Lamborghini dealer sells a new Huracan for $250,000, and the price of the car when it is imported from Italy is $225,000.Question 8AnswerSelect one:a.a decrease of $25,000b.an increase of $250,000c.a decrease of $250,000d.no changee.an increase of $25,000

In which of the following ways is the purchase of a $500,000$500,000 Lamborghini automobile that was produced entirely in Italy recorded in the U.S. GDP accounts?I. There is no impact because the transaction does not involve domestic production.II. Investment spending increases by $500,000$500,000.III. Net exports increase by $500,000$500,000.IV. Net exports decrease by $500,000$500,000.V. Consumption spending increases by $500,000$500,000.Elimination ToolSelect one answerAI only.BII and III only.CII and IV only.DIV only.EIV and V only.

The nominal GDP of Australia has increased by 3.6% this year. We can conclude that _______.a.      either production has risen or prices have risen or both have risen.production has risen and prices remain constant.prices have risen and production remains constant.production have risen and prices have fallen.production has fallen and prices have risen.

A rise in the value of the Australian dollar against the US dollar tends to:

Suppose Italian workers can produce 4 cars per year and German workers can produce 8 cars per year. Suppose Italian workers can produce 5 tons of garments per year and German workers can produce 6 tons of garments per year. Trade between Italy and Germany would lead to?Group of answer choicesEmployment gains in Italian car manufacturingExports of cars from Germany to ItalyLower relative price of cars in GermanyLower relative price of garments in Italy

f the Australian dollar appreciates, the effect of this is likely to be that:Group of answer choicesexports will be more expensiveimport-competing domestic goods will be relatively cheaper‘imported disinflation’ may become a benefitimports will be more expensive‘imported inflation’ may become a problem