Which of the Following Statements Is True About Globalization

question 39

Multiple Choice

Which of the following statements is true about globalization?

• A)It refers to the direct investment in production or business in one country by a business from another country.
• B)It is the degree of difference between the cultures of two nations.
• C)It is the spread of businesses across national borders.
• D)It refers to the stages a product or service goes through during its lifespan.

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Definitions:

Real GDP

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

Net Exports

The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy's GDP.

National Income

National Income is the total value of all goods and services produced by a country over a specific period, reflecting the economic strength and standard of living in the country.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country.