When Calculating GDP from the Expenditure Side,how Do Net Exports

question 33

Multiple Choice

When calculating GDP from the expenditure side,how do net exports enter the equation?

• A)They are NOT included because they do not represent an expenditure by Canadians.
• B)They may or may not be included depending on whether they are for final or intermediate goods.
• C)They are included as a separate category.
• D)They are included but as part of C,I,or G.
• E)They are included only if it is a positive number.

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Definitions:

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to occur at a specific point.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, often tested against an alternative hypothesis in statistical analysis to evaluate the strength of evidence.

Test Statistic

A numerical value computed from a statistical test's sample data, used in hypothesis testing to determine whether to reject the null hypothesis.

Critical Value

A point on a statistical distribution that represents a threshold beyond which observations are considered to be statistically significant.