Which of the Following Statements Is True About the GDP

question 166

Multiple Choice

Which of the following statements is true about the GDP of the United States in 2015?

• A)Imports exceeded exports by 600 million dollars.
• B)Exports exceeded imports by 600 million dollars.
• C)Exports plus imports equaled 600 billion dollars.
• D)None of these is true.

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Definitions:

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.

Principal Debtor

The main individual or entity obligated to repay a debt on which a security may be claimed.

Surety

A person or entity that takes responsibility for another's performance of an obligation, such as the payment of a debt.

Payment

The transfer of money, goods, or services as compensation for an obligation or debt.