In the treatment of U.S. exports and imports, national income accountants ________.
A. add both exports and imports in calculating GDP
B. subtract exports but add imports in calculating GDP
C. subtract both exports and imports in calculating GDP
D. add exports but subtract imports in calculating GDP
Answer: D
You might also like to view...
An increase in Abigail's income decreases her demand for used cars. For her, used cars are
A) a normal good. B) an inferior good. C) a complement to any good. D) a substitute good.
Why might it be inefficient for the labor market not to have some form of unemployment compensation?
What will be an ideal response?
If a country is industrialized then prolonged periods of negative growth in GNP per capita should not be a cause for concern
Indicate whether the statement is true or false
Which of the following is assumed when constructing a production possibilities curve?
A) a fixed amount of resources B) the efficient use of resources C) resources of a given quality D) All of the above are correct.