Multiple Choice
If the value of exports equals $6.5 billion and the value of imports equals $8.0 billion in a year, then _____
A) together imports and exports add $1.5 billion to the GDP.
B) together exports and imports add $6.5 billion to the GDP.
C) together exports and imports reduce the gross domestic product (GDP) by $1.5 billion.
D) together exports and imports add $14.5 billion to the GDP.
E) together exports and imports add nothing to the GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Net taxes are indirect business taxes plus
Q35: The GDP price index:<br>A)measures the average price
Q42: Marianne and Laura are both homemakers with
Q78: If the consumer price index (CPI)is 220
Q103: Gross domestic product (GDP)is a good measure
Q171: Which of the following is likely to
Q172: In the double-entry bookkeeping system used to
Q174: _ is counting an item's value more
Q175: The consumer price index (CPI) is a
Q180: If 2016 is the base year and