To calculate GDP using the expenditure approach, in part it is necessary to
A) subtract both exports and imports.
B) add exports and subtract imports.
C) add imports and subtract exports.
D) add imports and exports.
Correct Answer:
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Q120: An expansion
A)is defined as a period of
Q121: In the circular flow diagram, aggregate expenditure
Q122: Q123: Purchasing power parity prices are used to Q124: Goods that are produced this year, stored Q126: Which of the following is NOT included Q127: In the equation, GDP = C + Q128: In the national income accounts, the purchase Q129: Which, if any, of the following causes Q192: _refers to a period when the _decreases.
A)
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