Which of the Following Is True of Exports and Imports

question 124

Multiple Choice

Which of the following is true of exports and imports?

• A)Both imports and exports are added to a nation's gross domestic product (GDP).
• B)Both imports and exports are subtracted from a nation's gross domestic product (GDP).
• C)Imports are added and exports are subtracted from a nation's gross domestic product (GDP).
• D)Exports are added and imports are subtracted from a nation's gross domestic product (GDP).
• E)Neither imports nor exports are included in a nation's gross domestic product (GDP).

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Definitions:

Statistic

A numerical measurement describing some characteristic of a sample, used to estimate the population parameter.

Sample

A smaller group chosen from the larger population for the purpose of gathering statistical data through measurements, observations, or inquiries.

Inferential Statistics

The branch of statistics that focuses on drawing conclusions and making predictions about populations based on samples.

Professional Baseball Players

Athletes who are paid to play baseball at a professional level.