GDP = C + I + G + Xn.From the outbreak of World War I (1914)until the 1970s,if Xn were not included our GDP would be

Name: GDP = C + I + G + Xn.From the outbreak of World War I (1914)until the 1970s,if Xn were not included our GDP would be
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Without including Xn (net exports), the GDP calculation would not take into account the value of goods and services that a country exports and subtracts the value of goods and services that it imports. Therefore, the GDP would be lower without including Xn.