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Author Question: In the calculation of GDP by the expenditure approach, exports from the United States must be A) ... (Read 81 times)

mrsjacobs44

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on: Jun 29, 2018
In the calculation of GDP by the expenditure approach, exports from the United States must be
 
  A) subtracted because they are included in the consumption of a foreign country.
  B) ignored because they are not bought by U.S. citizens.
  C) subtracted if they are bought by foreign firms for investment purposes.
  D) added.

Question 2

If nothing else changes, the ________ the current exchange rate, the ________ is the expected profit from holding dollars, all other things remaining the same.
 
  A) higher; larger
  B) lower; smaller
  C) lower; larger
  D) The premise of the question is wrong because the exchange rate has nothing to do with expected profit from holding dollars.


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britb2u

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


mrsjacobs44

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Reply #2 on: Jun 29, 2018
Thank you


britb2u

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Reply #3 on: Jun 29, 2018
No problemo


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