Increases in import spending
A) raise GDP.
B) lower GDP.
C) are always balanced off in GDP by changes in exports.
D) may raise or lower GDP.

Name: Increases in import spending A) raise GDP. B) lower GDP. C) are always balanced off in GDP by changes in exports. D) may raise or lower GDP.
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Question

Quizplus · Accepted Answer

Increases in import spending lower GDP because imports are subtracted from the total GDP calculation.

Increases in Import Spending