True/False
If someone in the United States buys a surfboard produced in Australia, then that purchase is included in both the consumption component of U.S. GDP and the net exports component of U.S. GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q88: Net exports equal<br>A)exports plus imports.<br>B)imports minus exports.<br>C)Y
Q89: Table 23-2<br>The following table contains data
Q90: The advantage of real GDP as a
Q91: The GDP deflator can be used to
Q92: Consumption is $5.5 trillion, investment is $1
Q94: The GDP deflator is the ratio of<br>A)real
Q95: The government purchases component of GDP includes
Q96: A country reported nominal GDP of $35
Q97: Table 23-7<br>A country produces only ice
Q98: GDP and GNP are identical when<br>A)exports and