If the Value of Exports Equals $6

question 109

Multiple Choice

If the value of exports equals $6.5 billion and the value of imports equals $8.0 billion in a year,then:

• A)together imports and exports add $1.5 billion to the gross domestic product (GDP).
• B)together exports and imports add $6.5 billion to the gross domestic product (GDP).
• C)together exports and imports reduce the gross domestic product (GDP)by 1.5 billion.
• D)together exports and imports add nothing to the gross domestic product (GDP).

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Definitions:

Development Stages

Phases or periods in an individual's life characterized by specific developmental tasks, challenges, or potentialities.

Pessimistic View

A tendency to see the worst aspect of things or believe that the worst will happen, often affecting one's mentality and actions.

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The process of exploring and deciding on one's own beliefs, values, and personal attributes, often considered a key phase in adolescent development.

Raymond Cattell

A psychologist known for his research into personality, factor analysis, and the development of several personality assessments.