Statements about exports and imports

Assignment Help Business Economics

Reference no: EM13886579

Which of the following statements about exports and imports is true?

A. Both imports and exports are added to nations GDP

B. Both imports and exports are subtracted from nations GDP

C. Imports are added to nations GDP; exports are subtracted

D. Exports are added to nations GDP; imports are subtracted

E. Neither imports nor exports are included in nations GDP

Reference no: EM13886579

Questions Cloud

Increase in the price of digital apps reduces : A 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. What is the cross price elasticity of demand? Are tablet devices and digital apps complements or substitutes?

Non-convertible currency : What advantage does a country have if it restricts or does not allow its currency to become “convertible” – this is called a “non-convertible” currency [an example is the Chinese Yuan].

Higher load be sign of problems in the insurance market : Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..

Leakage from the circular flow : Which of the following is a leakage from the circular flow?

Statements about exports and imports : Which of the following statements about exports and imports is true?

Included in the consumption component of GDP : Which of the following expenditures are not included in the consumption component of GDP?

Which would be included in GDP : Which of the following would be included in GDP?

Make price quantity chart for each consumer : Make a price quantity chart for each consumer. Then add a column showing the total quantity demanded for a private good. Next show the quantity price chart showing the total demand for a public good.

Gross domestic product measures : Gross Domestic product measures the

User Account

All Pages