List the four components of total spending. Why are imports subtracted when GDP is calculated in the

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List the four components of total spending. Why are imports subtracted when GDP is calculated in the expenditure approach?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:44 AM

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List the four components of total spending. Why are imports subtracted when GDP is calculated in the

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The four components of spending are consumption investment government purchases and net exports I...View the full answer

Macroeconomics

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