Merchandise Trade Statistics, in Particular, Overemphasise Production and Understate Intellectual

question 56

True/False

Merchandise trade statistics, in particular, overemphasise production and understate intellectual property from design to brand.

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Definitions:

Capacity Utilization Rate

A measure of how well an economy or a firm is using its productive capacity to manufacture goods or services.

Unemployment Rate

A gauge of the share of individuals in the labor pool who are not employed but are actively seeking a job.

Economy Operated

Refers to the manner in which a nation’s economic systems and policies are managed and function to produce goods and services.

Percent Unemployment

The slice of the labor force that remains without work but is actively engaging in job search.