Multiple Choice
The value of Canadian imports is:
A) added to exports when calculating GDP because imports reflect spending by Canadians.
B) subtracted from exports when calculating GDP because imports do not entail spending by Canadians.
C) subtracted from exports when calculating GDP because imports do not entail production in Canada.
D) added when calculating GDP because imports do not entail production in Canada.
Correct Answer:
Verified
Correct Answer:
Verified
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