In the calculation of GDP by the expenditure approach, exports from the United States must be
A) ignored because they are not bought by U.S. citizens.
B) added.
C) subtracted if they are bought by foreign firms for investment purposes.
D) subtracted because they are included in the consumption of a foreign country.
Correct Answer:
Verified
Q116: In the national income accounts, government expenditure
Q117: An increase in exports of goods or
Q118: Net exports of goods and services equal
Q119: By itself, an increase in exports
A) can
Q120: Which of the following transfer payments is
Q123: If imports are $100 million less than
Q124: Q125: In 2009, the country of Nerf's imports Q126: If an American firm produces goods that Q138: ![]()
![]()
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