Related to the Economics in Practice on P

question 61

Multiple Choice

Related to the Economics in Practice on p. 680: According to the International Monetary Fund, the top debtor nation in 2013 was

• A) China.
• B) Japan.
• C) Saudi Arabia.
• D) the United States.

---

Definitions:

Market Potential

The estimated maximum total sales revenue of all suppliers for a specific product in a market.

GDP

Gross Domestic Product, a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period.

GNI

Gross National Income, a measure of a country's income, including domestic production and foreign investments, used to estimate the economic health of a nation.

Tariff

A tax levied on a good imported into a country; also called a duty.