Imports are not included in GDP because they do not reflect output produced within the domestic economy.

Name: Imports are not included in GDP because they do not reflect output produced within the domestic economy.
Brand: Quizplus
Rating: 4.8 (25 reviews)

Question

Quizplus · Accepted Answer

Imports are goods and services produced in other countries and purchased by consumers, businesses, or the government in the domestic economy. Therefore, they are not considered as output produced within the domestic economy and are not included in the calculation of GDP.

Imports Are Not Included in GDP Because They Do Not