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Calculating GDP
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Calculating GDP
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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Calculating GDP / Problem 7
Problem 7
If a country exports \$200 billion worth of goods and imports \$250 billion, what is the impact of net exports on GDP?
A
Net exports decrease GDP by \$50 billion.
B
Net exports decrease GDP by \$250 billion.
C
Net exports have no impact on GDP.
D
Net exports increase GDP by \$50 billion.
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