Explain Why Exports Are Added To, and Imports Are Subtracted

question 23

Essay

Explain why exports are added to, and imports are subtracted from, aggregate expenditures in moving from a closed to an open economy.

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Definitions:

Charismatic Leader

A person who inspires followers with charm, vision, and magnetism, exerting a strong emotional impact.

Idealized Self

An individual's conception of themselves in an ideal form, often embodying values, traits, and abilities that they aspire to.

Personal Identification

The process of recognizing and verifying an individual's identity through various means.

Subordinating Member

A member of a group or organization who is ranked lower and is subject to the authority or control of others.