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How Do Imports Affect GDP? (Page One Economics)

GDP is a useful measure of the health of the economy, and it’s among the most important and widely reported economic data. However, the current “textbook treatment” of how international trade is measured as part of GDP can lead people to misunderstand the role trade plays in the economy. The September 2018 issue of Page One Economics intends to correct misconceptions and provide clear instruction on how imports affect GDP.

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Audience:   High School, College, Consumers
Language:   English
Subjects:   AP Economics, Economics, Current Events, Civics/Government
Resource Types:   Publications, Lessons
Concepts:   Gross Domestic Product (GDP), Trade/International Trade