The U.S. Trade-To-GDP Ratio Is

question 112

Multiple Choice

The U.S. trade-to-GDP ratio is:

• A) the highest in the industrialized world.
• B) greater than China's and Japan's.
• C) smaller than that of Germany.
• D) too high.

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Definitions:

Bequest

In a will, a gift of personal property or money. Also called a legacy.

Personal Property

Refers to movable assets owned by individuals or businesses, excluding real estate.

Estate

Everything that a person owns at the time of their death, including property, assets, and debts, which is managed or settled according to their will or the law.

Residuary

The remainder of an estate left after all other bequests and claims have been satisfied.