Скачать или смотреть Are Imports Included In The GDP

GDP is defined as the value of all the final goods and services produced in a country during a given time period. Intermediate goods aren't counted because they would in effect cause double-counting to occur.If Imports are greater than exports, Than country have to spend more to import goods and services. Country may runs in deficit and make debts. Thus it negatively affect country's growth. GDP is nothing but the value of all the goods and services produced in the country.The formula to calculate the components of GDP is Y = C + I + G + NX. That stands for: GDP = Consumption + Investment + Government + Net Exports, which are imports minus exports.Those exports bring money into the country, which increases the exporting nation's GDP. When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP. represents investment expenditures on domestically produced goods, ... The reason imports are subtracted in the standard national income identity is because they have already been included as part of consumption, investment, government spending and exports. If imports were not subtracted GDP would be overstated