Which of the following is true of exports and imports?
A) Both imports and exports are added to a nation's gross domestic product (GDP) .
B) Both imports and exports are subtracted from a nation's gross domestic product (GDP) .
C) Imports are added to and exports are subtracted from a nation's gross domestic product (GDP) .
D) Exports are added to and imports are subtracted from a nation's gross domestic product (GDP) .
E) Neither imports nor exports are included in a nation's gross domestic product (GDP) .
Correct Answer:
Verified
Q27: The gross domestic product (GDP)excludes:
A)the value of
Q34: Net exports have averaged a minus 3
Q35: If a toy store overestimates the demand
Q36: Rhonda sells a house she has owned
Q38: The immediate effect of a purchase of
Q40: If consumption = $2,000, investment = $600,
Q43: Which of the following is true of
Q44: Which of the following equations equals aggregate
Q54: If a firm hires labor for $8,000,pays
Q60: If a firm hires labor for $4,000,pays
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents