A Country's Exports Minus Its Imports Measures

question 72

Multiple Choice

A country's exports minus its imports measures:

• A) net exports.
• B) gross exports.
• C) net imports.
• D) gross imports.

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Definitions:

Price of Product

The amount of money required to purchase a good or service, determined by factors like cost of production, competition, and demand.

Technological Change

The overall process of invention, innovation, and diffusion of technology or processes.

Margin

The difference between the cost of a product and its selling price, or the difference between any two indicators in finance.

Productivity

A measure of the efficiency of production, often quantified as the ratio of inputs to outputs in the creation of goods and services.