Exports from the United States are the goods and services

Question

Quizplus · Accepted Answer

Exports are defined as goods and services produced domestically and consumed by foreigners in other countries. Therefore, option C is the correct choice. Options A and B describe imports, which are goods and services produced in other countries and consumed domestically. Option D is incorrect because exports are not subtracted from GDP but instead are included in the calculation of GDP. Option E is incorrect because goods and services produced domestically and consumed domestically by U.S. residents are not considered exports.

Exports from the United States Are the Goods and Services