An American buys a pair of shoes made in Italy. How do the U.S. national income accounts
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An American buys a pair of shoes made in Italy.
How do the U.S. national income accounts treat the transaction?
a. Net exports and GDP both rise.
b. Net exports and GDP both fall.
c. Net exports fall, while GDP does not change.
d. Net exports do not change, while GDP rises.
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The correct answer is c Net exports fall while GDP does not change When a...View the full answer
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