Solved

If Someone in the United States Buys a Surfboard Produced

Question 68

True/False

If someone in the United States buys a surfboard produced in Australia,that purchase is included in both the consumption component of U.S.GDP and the import component of U.S.GDP.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Suppose that over the last twenty-five years

Q63: Table 23-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 23-3

Q64: In a given year an economy has

Q65: Retained earnings is the part of income

Q67: How does U.S.gross domestic product (GDP)differ from

Q70: If the GDP deflator is 200 and

Q72: Table 23-1. The data pertain to the

Q73: How is Net National Product (NNP)calculated?<br>A)Saving is

Q151: Between 1929 and 1933, NNP measured in

Q205: Which of the following components or subcomponents