Which of the following statements is relevant to the value of Canadian imports?
A) The imports figure is added to exports when calculating GDP because imports represent spending by Canadians.
B) The imports figure is subtracted from exports when calculating GDP because imports do not entail spending by Canadians.
C) The imports figure is subtracted from exports when calculating GDP because imports do not involve production activity in Canada.
D) The imports figure is added when calculating GDP because imports do not involve production activity in Canada.
E) The imports figure is added when calculating GDP,but subtracted when calculating GNP.
Correct Answer:
Verified
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