In the calculation of GDP by the expenditure approach, exports ...

[mrsjacobs44]

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.

[britb2u]

Answer to Question 1

D

Answer to Question 2

C

[mrsjacobs44]

Thank you

[britb2u]

No problemo