Multiple Choice
The value of U.S.imports is
A) added to exports when calculating GDP because imports reflect spending by Americans.
B) subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
C) subtracted from exports when calculating GDP because imports do not constitute production in the United States.
D) added when calculating GDP because imports do not constitute production in the United States.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: In an economy that has stationary production
Q82: GDP in an economy is $11,050 billion.
Q105: Environmental pollution is accounted for in<br>A) GDP.<br>B)
Q109: In determining real GDP, economists adjust the
Q126: During the 2007-2009 recession,<br>A) real GO and
Q184: The value of corporate stocks and bonds
Q185: GDP tends to understate economic welfare because
Q186: To adjust nominal GDP for a given
Q188: The concept of net domestic investment refers
Q191: The "statistical discrepancy" that the NIPA includes