2. I think the other answers here are a bit technical, so let's simplify it a little and explain why exports might exceed 100% of GDP. A country's consumption possibilities frontier can be outside its production possibilities frontier if _____. d. None of the above is correct. A comprehensive study conducted by Marianela Fader of Potsdam Institute for Climate Impact Research shows that population pressures will push many nations to make maximizing their domestic food production capacity a top priority. b. the country should produce just enough of that good for its own consumption. Aggregate expenditure for the country is a. The GDP can be estimated by adding the value added by all the different sectors of the economy. 6.0 trillion c. 7.0 trillion d. $8.5 trillion 8. It promotes specialization. Its consumption possibilities equal its production possibilities. During 2008, a country has consumption expenditures of $3.0 trillion (unit same for the rest), investment expenditures of $1.5, government expenditures of $1.5, exports of $1.0, and imports of $1.5. Saving rather than dis-saving occurs at any level of disposable income at which A the consumption … Richness or poverty of a country is dependent upon the amount of … When a country has a comparative advantage in producing a certain good, a. the country should import that good. The standard of living or the consumption standard of the people depends, in the ultimate analysis, on the volume and variety of production. The same as its production possibilities frontier only if there is no international trade B. . A country’s consumption possibilities are the same as its production possibilities. According to a recent report by the EIA , China has increased its coal consumption by more than 2.3 billion tons over the last decade, accounting for a … If a country is completely self-reliant in producing goods for its own consumption needs, then It consumes more than it can with trade. Allocative Effic The slope of the consumption function is A less than the slope of the 45° line but not equal to zero B greater than the slope of the 45° line C equal to the slope of the 45° line D equal to zero 3. $5.5 trillion b. Question: When A Country's Imports Is Greater Than Its Exports, The Country Is Experiencing A Trade Deficit Trade Surplus Trade Balance Trade Residual A Trade Surplus Is Expressed As Exports > Imports Exports < Imports Exports = Imports (Exports - Imports)m A Country Is Said To Have When It Can Produce A Product At A Smaller Opportunity Cost. As a result of trade, even if it still bakes no bread, it can obtain 100 pairs of shoes, which is an increase of 50 pairs. 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