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Other Things Equal,increased Imports Decrease GDP

question 59

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Other things equal,increased imports decrease GDP.


Definitions:

Accounts Receivable

The money owed to a business by its clients or customers for goods or services provided on credit.

Compensating Balance

A minimum balance that must be maintained in a bank account, often required by banks as a condition for loans or to waive service charges.

Effective Annual Interest Rate

The interest rate on an investment or loan, which accounts for compounding over a given period.

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