The value of U.S. imports is
A) added to exports when calculating GDP because imports reflect spending by Americans.
B) subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
C) subtracted from exports when calculating GDP because imports do not constitute production in the United States.
D) added when calculating GDP because imports do not constitute production in the United States.
Correct Answer:
Verified
Q41: Q42: Suppose that GDP was $200 billion in Q43: Transfer payments are Q44: In calculating GDP, governmental transfer payments, such Q45: Suppose that inventories were $40 billion in Q47: In year 1, Trailblazer Bicycle Company produced Q48: Suppose that GDP was $200 billion in
A) excluded when calculating GDP
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