CLEP Principles of Macroeconomics Exam Prep

Answer - D - Imports are not used in the calculation of a country’s GDP.

Key Takeaway: A country’s Gross Domestic Product (GDP) can be measured in a number of ways. The product approach looks at the value of final goods produced by industries such as manufacturing and agriculture. In the income approach, total income is measured. In the expenditure approach, both private consumption and government spending are counted.