Foreign Trade Will Have No Impact on Real GDP When

question 55

Multiple Choice

Foreign trade will have no impact on real GDP when

• A)exports exceed imports.
• B)exports equal imports.
• C)imports exceed exports.
• D)exports equal zero.

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Definitions:

Privately Owned

Describes businesses or assets owned by individuals or companies and not by the government or the public.

Nonprofit Organization

An organization that operates for a collective, public, or social benefit, instead of working for profit or income for its owners or investors.

Political Rally

A large public gathering organized by political entities to garner support, promote agendas, or energize voters.

Profit

The financial gain made in a transaction or business operation, calculated by subtracting total expenses from total revenue.