Multiple choice general knowledge

The GDP of country depend on

  1. exports only

  2. imports only

  3. exports and imports

  4. we can not determine with any of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

GDP (Gross Domestic Product) is calculated using the expenditure approach as GDP = C + I + G + (X - M), where X represents exports and M represents imports. The net exports component (exports minus imports) shows that GDP depends on both exports and imports, not just one. Options A and B are incomplete as they consider only one side of international trade.

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