Exports are counted in the measurement of GDP

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Reference no: EM131169449

In 2014, "the United States exported $2.34 trillion worth of goods and services - an all time record. Exports from the US in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the US economy."

1) discuss economic theory related to the quote above. Be sure to include a definition of exports and the way in which exports are counted in the measurement of GDP.

2) locate and incorporate outside research that gives evidence and explanation as to the possible causes of this growth in exports. Provide one example of one particular industry or country with which export quantity has increased.

Reference no: EM131169449

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