why are imports subtracted from GDP?
A. Imports are included in the other demand components of GDP and we want to look at only domestically produced goods.
B. Imports reduce domestic production
C. Imports and exports are irrelevant to GDP

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Accepted Answer

The main reason why imports are subtracted from GDP is because it has been included in the other demand components of GDP and we want to look at only domestically produced goods.What is an imports?Generally, the term "imports" of goods and services refers to the goods which add to the stock of material resources of a country by entering its economic territory.In national income, the cogent reason that imports are subtracted in the standard identity is because they have already been included as part of consumption, investment, government spending, and exports. So, if the imports were not subtracted, the GDP would be overstated.Read more about importsbrainly.com/question/1638697#SPJ1