Author Question: To construct GDP, exports: a. and imports must be subtracted. b. and imports must be included. c. ... (Read 110 times)

daltonest1984 · **on:** Jun 30, 2018

To construct GDP, exports:
a. and imports must be subtracted.
b. and imports must be included.
c. must be included and imports must be ignored.
d. must be included and imports must be subtracted.

Question 2

Your purchase of a Gucci purse made in Italy would be classified as:
a. both c and d
b. an investment good.
c. a durable good.
d. an import.
e. an export.