Question

Which factor is subtracted from Gross Domestic Product when using the Expenditure calculation method? Imports Exports...

  1. Which factor is subtracted from Gross Domestic Product when using the Expenditure calculation method?
  1. Imports
  2. Exports
  3. Government expenditures
  4. Investment expenditures
  5. Consumption expenditures
  1. Which type of economic indicator would inform you about economic fluctuations that will likely occur before the fluctuations affect GDP?
  1. Leading indicators
  2. Lagging indicators
  3. Coincident indicators
  4. Prescriptive indicators
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Answer #1

Option A is correct. imports are subtracted because they are not a part of production done within the domestic territory of the country which the GDP actually measures

Option A is correct. These leading indicators include the values in the stock market, rate of inflation and rate of unemployment, and some other indicators that signals an upcoming recession or expansion in the economy activity

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