Imports Are Goods and Services That Are

question 98

Multiple Choice

Imports are goods and services that are:

• A)produced in other countries and consumed domestically.
• B)consumed in other countries and produced domestically.
• C)produced and consumed in other countries.
• D)produced and consumed domestically.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, discounted at a specific interest rate.

Bond

A bond is a fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.

Rule Of 70

The Rule of 70 is a calculation method used to estimate the number of years required for an investment or the economy's GDP to double, based on a constant annual growth rate.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a set period.