Question Details

To calculate GDP using the expenditure approach, in part it is necessary to



1) Government expenditures included in the expenditure approach to GDP include ________.
A) social security and education
B) net exports
C) buying a new bomber
D) Both answers A and C are correct
2) Net exports of goods and services equal the
A) exports of goods and services divided by the imports of goods and services.
B) exports of goods and services plus the imports of goods and services.
C) exports of goods and services minus the imports of goods and services.
D) imports of goods and services minus the exports of goods and services.
3) Net exports is negative if
A) the value of exports exceeds the value of imports.
B) the value of imports exceeds the value of exports.
C) the tariff payments are included in the value of imported and exported items.
D) too much production occurs in the exporting country during the year.
4) In 2010, net exports in the United States were
A) zero.
B) positive.
C) negative.
D) greater than personal consumption expenditures.

5) To calculate GDP using the expenditure approach, in part it is necessary to
A) add imports and exports.
B) add imports and subtract exports.
C) add exports and subtract imports.
D) subtract both exports and imports.



Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help