Which of the following statements about net exports is correct-09241
Which of the following statements about net exports is correct?
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.9.
Which of the following statements about net exports is correct?
The term C + I + G understate domestic production of goods and services because itleaves out exports, which must be subtracted out of GDP to obtain the correct figure
The term C + I + G overstates domestic production of goods and services because itcontains imports, which must be subtracted out of GDP to obtain the correct figure
The difference between exports and imports is negative when the country is a netexporter
Before 1976, the United States was generally a net importer. Only after 1976, exportsbegan to exceed imports
