In 2010,the United States imported more than it exported; therefore,the sum of consumption plus investment plus government purchases overstated what was produced in America.

Question

Quizplus · Accepted Answer

If the United States imported more than it exported, it means that the value of goods and services consumed and invested in the US exceeded the value of goods and services produced in the US. As a result, the sum of consumption plus investment plus government purchases (which is the Gross Domestic Product or GDP) would overstate what was produced in America.

In 2010,the United States Imported More Than It Exported; Therefore,the