Explain why imports are subtracted in the expenditure approach to calculating GDP.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 06:13 AM

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Explain why imports are subtracted in the expenditure approach to calculating GDP.

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Consumption investment and government spending ...View the full answer

Principles of Macroeconomics

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