Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Open-Economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 3QCMC
Related questions
Question
1. When calculating gross
expenditure by:
a. subtracting exports and adding back imports.
b. adding in net income earned from foreign sources, plus the trade balance, plus net unilateral
transfers from abroad.
c. subtracting depreciation, payroll taxes, and indirect business taxes, while adding in subsidies.
d. taking out net factor income from abroad and subtracting net unilateral transfers.
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