What Is the Mission of the Organization of African Unity

question 114

Multiple Choice

What is the mission of the Organization of African Unity (OAU) ?

• A) It is a free trade association, like NAFTA and the EU.
• B) Its primary purpose is to develop Africa-wide environmental policy.
• C) Its objective is to fight international terrorism in Africa.
• D) Like the U.S. Peace Corps, its mission is to promote economic development.
• E) Its function is to mediate disputes between African countries.

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Definitions:

GDP Deflator

A standard for assessing the price rates of all freshly made, domestically sourced, final goods and services in an economic environment.

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in real terms.

Nominal GDP

The total economic value of all the final products and services generated within a nation's borders in a specified timeframe, calculated without any modification for inflation.

Imports

Goods or services brought into one country from another for sale or exchange.