In Which of the Following Countries Did Exports Account for the Biggest

question 293

Multiple Choice

In which of the following countries did exports account for the biggest percentage of GDP in 2018?

• A) Japan
• B) United States
• C) Netherlands
• D) Germany

---

Definitions:

Supply Of

The total amount of a specific good or service that is available to consumers, which can be influenced by factors such as price, production costs, and technology.

Potentially Efficient

A situation or condition that has the capability to achieve optimum productivity with minimal waste and expense.

Losses

Financial condition when a company's total costs exceed its total revenue, leading to a negative profit.

Market Failure

An economic situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.