Using the Expenditure Approach to Deriving Gross Domestic Product, If

question 327

Multiple Choice

Using the expenditure approach to deriving gross domestic product, if U.S. imports rise and exports remain the same

• A) GDP rises.
• B) GDP remains the same.
• C) GDP falls.
• D) GDP indicates a recession.

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Definitions:

Budgets

Estimates of income and expenditure for a set period of time, serving as a financial plan for individuals or organizations.

Managerial Value

The value or impact that effective managerial decisions have on the overall success and valuation of a company.

Planning Process

A systematic series of steps taken by organizations or individuals to achieve desired goals.

Road Map

A strategic plan that outlines the steps or milestones needed to achieve specific goals.