In Calculating GDP,we Must

question 133

Multiple Choice

In calculating GDP,we must

• A)add the market value of imports and subtract the market value of exports.
• B)add the market value of exports and subtract the market value of imports.
• C)exclude net exports of goods and services (NX).
• D)add the value of the goods produced outside of the United States by American firms.
• E)subtract the market value of imports,because these goods are produced in a country other than the United States,and subtract the market value of exports,because these goods are consumed in a country other than the United States.

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Definitions:

Eudicotyledon

A major group of flowering plants characterized by the presence of two seed leaves, or cotyledons, upon germination.

Vascular Bundles

Strands of specialized tissue in plants that contain xylem and phloem for the transportation of water, nutrients, and sugars.

Apical Meristem

A region of plant tissue, found at the tips of roots and shoots, responsible for primary growth.

Woody Bark

The tough, protective outer layer of a woody plant or tree, consisting of dead cells and providing support and protection.