Exports are added to, and imports are subtracted from, aggregate expenditures in moving from a closed to an open economy.

Name: Exports are added to, and imports are subtracted from, aggregate expenditures in moving from a closed to an open economy.
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In an open economy, exports are added to aggregate expenditures because they represent domestic production sold abroad, while imports are subtracted because they represent foreign production consumed domestically.

Exports Are Added To, and Imports Are Subtracted From, Aggregate