When Calculating GDP in an Open Economy, We Adjust GNE

question 148

Multiple Choice

When calculating GDP in an open economy, we adjust GNE by:

• A) subtracting exports and adding imports.
• B) subtracting investment from foreigners and adding foreign investment by residents.
• C) subtracting imports and adding exports.
• D) subtracting depreciation from GDP.

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Definitions:

Gestures

Physical movements of the body, especially hands and arms, used to express ideas or feelings.

Posture

The way one holds their body when standing or sitting, which can communicate nonverbal cues about confidence, openness, or submissiveness.

Ethical Standards

Principles that govern the behavior of individuals and organizations, outlining what is considered morally right and wrong.

Nursing

The profession or practice of providing care for the sick and infirm, primarily in healthcare settings.