Exports ________ GDP and imports ________ GDP.
A) increase; decrease
B) decrease; increase
C) increase; increase
D) decrease; decrease
Correct Answer:
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Q54: Which of the following should be included
Q55: Depreciation is
A) what is left over from
Q56: For the purposes of GDP accounting, government
Q57: When considering imports and exports, economists include
Q58: The GDP equation is
A) Y = C
Q60: Transfer payments are excluded from government purchases
Q61: Net exports are total imports minus total
Q62: Income that flows to the private sector
Q63: Wages paid to teachers, police personnel, and
Q64: Nominal GDP uses current year prices to
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