Measuring economic - GDP ( Gross Domestic Product) - Net exports

6 important questions on Measuring economic - GDP ( Gross Domestic Product) - Net exports

What is the formula for net exports?

Net exports are calculated as Exports minus Imports.

How do exports affect the domestic country?

They reduce the amount available to the domestic economy.

Why are exports counted in GDP?

They are produced within the country and contribute to the economy.
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How can imports be categorized?

They can include consumption, investment, or government purchases.

What is the effect of imports on the domestic economy?

Imports increase the amount available to the domestic economy.

Why are imports not counted in GDP?

They are not included because they are not produced domestically.

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