In the Calculation of GDP by the Expenditure Approach, Exports

question 347

Multiple Choice

In the calculation of GDP by the expenditure approach, exports from the United States must be

• A) added.
• B) subtracted if they are bought by foreign firms for investment purposes.
• C) subtracted because they are included in the consumption of a foreign country.
• D) ignored because they are not bought by U.S. citizens.

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Definitions:

Sebaceous Gland

Gland of the skin, usually associated with a hair follicle, that produces sebum.

Eccrine Sweat Gland

A type of sweat gland that is found all over the body, particularly on the palms, soles, and forehead, and is primarily involved in temperature regulation.

Sebaceous Gland

A type of gland in the skin that secretes an oily substance called sebum, which lubricates hair and skin.

Hair Follicle

The skin organ that produces hair, consisting of a small tubular cavity containing the root of the hair shaft.