What Does the X Represent in the Following Formula,used to Calculate

question 170

Multiple Choice

What does the X represent in the following formula,used to calculate GDP? GDP = C + I + G + (X - M)

• A) exports
• B) imports
• C) net exports
• D) government spending

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Definitions:

Continuous Model

An analytical or simulation model that operates over a continuum of time or space, without discrete breaks or steps.

Mass Customization

A production approach where goods and services are customized to meet individual customer's needs with near mass production efficiency.

iTunes

A media player, media library, and mobile device management application developed by Apple Inc., used for purchasing, organizing, and playing digital music and videos.

Product Focus

A strategic emphasis on developing and enhancing products to meet customer needs and achieve competitive advantage.