Every Variable Has Three Major Items Associated with It: Its

question 47

Short Answer

Every variable has three major items associated with it: its data type, the value stored in it, and its ____________________.

---

Definitions:

Open Economy

An economy that engages in international exchange of goods, services, and capital.

Foreign Trade

The exchange of goods, services, and capital between countries and territories, influencing the global economy.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period.

Trade Adjustment Assistance

A federal program offering aid to workers who lose their jobs or whose hours and wages are reduced due to the impact of international trade.