To Construct GDP, Exports

question 84

Multiple Choice

To construct GDP, exports:

• A) and imports must be subtracted.
• B) and imports must be included.
• C) must be included and imports must be ignored.
• D) must be included and imports must be subtracted.

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Definitions:

Sustainable Rate

The level of growth or usage that can be maintained over the long term without depleting resources or causing environmental damage.

Harvest Timber

Harvest timber involves the process of cutting down trees and preparing them for use as building material or other wood products.

U.S. Fishery

Represents the fishing industry within the United States, encompassing the management, harvest, and sale of fish and seafood within both domestic and international markets.

Dollar Terms

Financial measurements or transactions denoted in U.S. dollars, commonly used in international finance to compare values across countries.