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
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