Other Things Equal,increased Imports Decrease GDP

question 59

True/False

Other things equal,increased imports decrease GDP.

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Definitions:

Standard Form

A way of writing numbers, particularly large or small numbers, using powers of ten, or a method to write equations, especially linear equations, in a specific format.

Imaginary Unit

The square root of negative one, denoted by \(i\), used in complex number calculations.

Standard Form

A way of writing down very large or very small numbers easily, or a way to write equations in a specific format.

Model

A representation or abstraction of a real-world situation, phenomenon, or system, often used for analysis or prediction.