To Calculate GDP Using the Expenditure Approach, in Part It

question 242

Multiple Choice

To calculate GDP using the expenditure approach, in part it is necessary to

• A) add exports and subtract imports.
• B) add imports and subtract exports.
• C) subtract both exports and imports.
• D) add imports and exports.

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Definitions:

Egocentrism

The lack of capability to distinguish between one's own viewpoint and the viewpoint of another person, commonly observed in the early stages of childhood growth.

Stranger Anxiety

A developmental stage in infants where they show distress or fear in the presence of unfamiliar people.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a critical concept in cognitive development of infants.

Sexual Orientation

A persistent tendency to experience emotional, romantic, or sexual interest in men, women, or both genders.