The Value of U.S. Imports Is

question 118

Multiple Choice

The value of U.S. imports is

• A) added to exports when calculating GDP because imports reflect spending by Americans.
• B) subtracted from exports when calculating GDP because imports do not constitute spending by Americans.
• C) subtracted from exports when calculating GDP because imports do not constitute production in the United States.
• D) added when calculating GDP because imports do not constitute production in the United States.

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Definitions:

Spousal Privilege

A legal right that protects a spouse from having to testify against their partner in court.

Vicarious Liability

A legal doctrine that holds one person or entity liable for the actions of another, based on their relationship.

Altercations

Conflicts or disputes, often resulting in a verbal or physical confrontation.

Deceit

The act of intentionally misleading or deceiving someone to gain an advantage or cause loss to another.