When Dealing with Imports and Exports, Economists Include the _______

question 60

Multiple Choice

When dealing with imports and exports, economists include the _______ as a component of the GDP.

• A)total imports
• B)total exports
• C)net exports
• D)gross exports

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Definitions:

Economic Duress

A situation where an individual or company is forced into a contractual agreement under threats or pressure related to financial hardships.

Assault And Battery

A combination of an attempt or threat to harm someone (assault) followed by unauthorized physical contact or harm (battery).

Fraud In The Inducement

Fraud in the Inducement involves deceit or trickery to secure unfair or unlawful gain in a transaction, leading to an agreement being made under false pretenses.

False Representation

A misleading statement or action that deceives or is intended to deceive.