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Which of the following best describes the way we account for trade in the U.S.? A) We include it as part of GDP. B) We
Which of the following best describes the way we account for trade in the U.S.?
A) We include it as part of GDP.
B) We use a single entry system similar to how we account for GDP.
C) We use a double entry accounting system to measure the total value of our transactions with the world.
D) We use a double entry system that compares domestic transactions to foreign transaction
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