In Calculating GDP,we Must

question 133

Multiple Choice

In calculating GDP,we must

• A)add the market value of imports and subtract the market value of exports.
• B)add the market value of exports and subtract the market value of imports.
• C)exclude net exports of goods and services (NX).
• D)add the value of the goods produced outside of the United States by American firms.
• E)subtract the market value of imports,because these goods are produced in a country other than the United States,and subtract the market value of exports,because these goods are consumed in a country other than the United States.

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Definitions:

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The 37th President of the United States known for his involvement in the Watergate scandal and his foreign policy strategies such as détente.

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