The value of U.S. imports is: Group of answer choices 1. subtracted from exports when calculating GDP because imports do not constitute production in the United States. 2. added when calculating GDP because imports do not constitute production in the United States. 3. added to exports when calculating GDP because imports reflect spending by Americans. 4. subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
The value of U.S. imports is: Group of answer choices 1. subtracted from exports when calculating GDP because imports do not constitute production in the United States. 2. added when calculating GDP because imports do not constitute production in the United States. 3. added to exports when calculating GDP because imports reflect spending by Americans. 4. subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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The value of U.S. imports is:
Group of answer choices
1. subtracted from exports when calculating GDP because imports do not constitute production in the United States.
2. added when calculating GDP because imports do not constitute production in the United States.
3. added to exports when calculating GDP because imports reflect spending by Americans.
4. subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
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