A Country's Export Ratio Is

question 12

Multiple Choice

A country's export ratio is

• A)The ratio of imports to exports.
• B)The ratio of exports to GDP.
• C)The ratio of trade to GDP.
• D)The ratio of imports to GDP.

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Definitions:

Assets

Resources owned by a business which are expected to provide future economic benefits.

Landlord

An owner of property, such as land or buildings, who leases or rents it to another party, known as a tenant.

Journalize

The act of recording business transactions in the journal of an accounting system, marking the first step in the accounting cycle.

Normal Balance

The side (debit or credit) of an account that is typically increased; varies depending on the account type.