What Is the Percent Reduction in Import Quantity in a Country

question 45

Multiple Choice

What is the percent reduction in import quantity in a country due to the tariffs imposed by the government, if the country's import tariffs are all 10 percent. The total imports affected by the tariffs are 40 percent of the GDP and the net national loss from the tariffs as a percentage of GDP is 0.6 percent.

• A)50 percent
• B)40 percent
• C)30 percent
• D)20 percent

---

Definitions:

Skilled Employee Technicians

Skilled employee technicians are workers with specialized skills and knowledge, typically in technical fields, who perform specific tasks or services.

Plant Location

The geographical site chosen for situating industrial operations or manufacturing facilities, based on criteria like cost, resources, and logistics.

Modern Production Facilities

Industrial or manufacturing plants that utilize the latest technology, equipment, and processes to increase efficiency, productivity, and quality of products.

CAD

Computer-Aided Design, technology used by engineers, architects, and designers to create precision drawings or technical illustrations.