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    Exam 21: Sizing up the Economy Using Gdp
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    When a US Consumer Buys a Battenberg Cake Made in London, This
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When a US Consumer Buys a Battenberg Cake Made in London, This

Question 21

Question 21

Multiple Choice

When a U.S. consumer buys a Battenberg cake made in London, this is:


A) a transfer payment.
B) an export.
C) an import.
D) a government purchase.

Correct Answer:

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