To Calculate GDP Using the Expenditure Approach, in Part It

question 365

True/False

To calculate GDP using the expenditure approach, in part it is necessary to add exports and subtract imports.

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Definitions:

Aztec Empire

A Mesoamerican empire that flourished in central Mexico in the 14th, 15th, and early 16th centuries, known for its sophisticated civilization, architectural achievements, and complex social structure before falling to Spanish conquerors.

Hernán Cortés

A Spanish Conquistador known for his expedition that led to the fall of the Aztec Empire and the establishment of Mexico City on its ruins.

Bartolome De Las Casas

A 16th-century Spanish historian and Dominican friar who became the first known advocate for the rights of indigenous people in the Americas, and opposed the abuses of the Spanish encomienda system.

Native Americans

The indigenous peoples of the United States, including a vast array of tribes, cultures, and languages that inhabited the land prior to European colonization.