In the treatment of Canadian exports and imports,national income accountants:
A) subtract exports, but add imports, in calculating GDP
B) subtract both exports and imports in calculating GDP
C) add both exports and imports in calculating GDP
D) add exports and ignore imports in calculating GDP
E) add exports, but subtract imports, in calculating GDP
Correct Answer:
Verified
Q16: GDP includes:
A)neither intermediate nor final products
B)both intermediate
Q17: "Value added" refers to:
A)any increase in GDP
Q18: In 1933,net investment was -$5.8 billion.This meant
Q19: If depreciation exceeds gross investment,it can be
Q20: GDP can be calculated by adding:
A)consumption, gross
Q22: GDP tends to:
A)overstate economic well-being, because it
Q23: Gross investment refers to:
A)depreciation minus net investment
B)net
Q24: Professor Shields grows tomatoes in her garden
Q25: The amount of after-tax income received by
Q26: In 2010,the two countries with the top
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents