Question

Which of these is not a component of GDP? (1 Point)
A: Government Spending
B: household consumption
C: net exports
D: net imports

Answer 1

What do you think?

Answer 2

A or B?

Answer 3

Well, net exports and net imports don't go with each other. One of them describes goods LEAVING the country, and the other describes goods ENTERING the country

Answer 4

Which one do you think contributes to GDP

Answer 5

C?

Answer 6

I meant the answer, is it C?

Answer 7

No, because exports is good—it means that foreign countries buy our goods, which means more money for the U.S. economy

Answer 8

Oh ok so would the answer be A?

Answer 9

No

Answer 10

What do we do when we import goods? We pay for them, right?

Answer 11

So the money goes out of the country...that's not good. We lose money.

Answer 12

So the answer is D?

Answer 13

That's correct! good job :)

Answer 14

Thank you for your help