The Value of Canadian Imports Is

question 27

Multiple Choice

The value of Canadian imports is:

• A)added to exports when calculating GDP because imports reflect spending by Canadians.
• B)subtracted from exports when calculating GDP because imports do not entail spending by Canadians.
• C)subtracted from exports when calculating GDP because imports do not entail production in Canada.
• D)added when calculating GDP because imports do not entail production in Canada.

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Definitions:

Voltage Across

The potential difference in electric potential between two points in an electrical circuit.

Voltage Polarity

The polarity of the voltage at a particular point in a circuit. Generally of concern in direct current circuits.

Current Flow

The flow of electric charge carriers like electrons through a conductor or space.

Power Dissipation

The conversion of electrical energy into heat in various components of a circuit, often leading to energy loss.