Examlex
Identify and state the historical significance of "Billy Yank".
GDP
The Gross Domestic Product serves as a gauge for a country's economic output, encapsulating the aggregate value of goods and services generated within a set period.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of the world's economies.
Free Traders
Individuals or entities advocating for minimal restrictions on international trade, believing it enhances economic efficiency and benefits all countries involved.
Merchandise Trade Imbalance
A situation where the import and export of goods in a country do not balance, resulting in either a trade surplus or deficit.
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