Multiple Choice
Net exports include goods produced
A) domestically that are sold domestically, less goods produced domestically that are sold abroad.
B) domestically that are sold abroad, less goods produced domestically that are sold domestically.
C) domestically that are sold abroad, less goods that are produced abroad that are sold domestically.
D) abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
Correct Answer:
Verified
Correct Answer:
Verified
Q110: Recall the Application about the size of
Q111: To an economist, "investment" in the GDP
Q112: Net exports are total imports minus total
Q113: The period of time in which the
Q114: Personal income and personal disposable income refer
Q116: If an economy produced 60 pounds of
Q117: For the purposes of GDP accounting, government
Q118: We ADD to the GDP when goods
Q119: Intermediate goods are not counted as part
Q120: A chain-weighted index<br>A) is used to understate