When Calculating GDP, ________ Are Added and ________ Are Subtracted

question 96

Multiple Choice

When calculating GDP, ________ are added and ________ are subtracted.

• A) exports; net exports
• B) imports; exports
• C) exports; imports
• D) imports; net exports

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Definitions:

Contingent Fees

Fees for services, such as legal representation, that are payable only if a particular outcome is achieved.

IRS

Internal Revenue Service, the U.S. government agency responsible for tax collection and enforcement of tax laws.

Internal Revenue Code

The collection of laws governing federal taxation in the United States, defining tax rates, deductions, credits, and procedures.

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