If someone in the United States buys a surfboard produced in Australia, then that purchase is included in both the consumption component of U.S. GDP and the net exports component of U.S. GDP.
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Q33: While GDP includes tangible goods such as
Q34: Changes in inventory are included in the
Q35: The government purchases component of GDP includes
Q36: The investment component of GDP refers to
Q37: The government's purchases of goods but not
Q39: Additions to inventory subtract from GDP, and
Q40: Most goods whose purchases are included in
Q41: If real GDP and the GDP deflator
Q42: If consumption is $1800, GDP is $4300,
Q43: If nominal GDP is $10,000 and real
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