Problem
1. Explain why imports are subtracted in the expenditure approach to calculating GDP.
2. GDP calculations do not directly include the economic costs of environmental damage-for example, global warming and acid rain. Do you think these costs should be included in GDP? Why or why not? How could GDP be amended to include environmental damage costs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.