U.S. Imports Are

question 205

Multiple Choice

U.S. imports are

• A) not added to U.S. GDP because they are produced abroad
• B) added to U.S. GDP because they are consumed domestically
• C) added to U.S. GDP because they represent an increase in inventories
• D) added to U.S. GDP as government purchases because the government decides what goods may be imported
• E) not added to U.S. GDP because they are intermediate goods

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Definitions:

Business Expansion

The process of increasing the size, output, or scope of a company's operations, typically requiring additional resources and strategies.

Partnership Liquidation

The process of closing a partnership by selling off assets, paying liabilities, and distributing the remaining assets to partners.

Capital Balances

The amount of funds contributed by owners or shareholders, plus retained earnings or net income, less any dividends paid out.

Capital Deficiency

A financial situation where a company's liabilities exceed its assets, indicating potential difficulties in covering its debts.