If the Value of Exports Equals $6

question 109

Multiple Choice

If the value of exports equals $6.5 billion and the value of imports equals $8.0 billion in a year,then:

• A)together imports and exports add $1.5 billion to the gross domestic product (GDP).
• B)together exports and imports add $6.5 billion to the gross domestic product (GDP).
• C)together exports and imports reduce the gross domestic product (GDP)by 1.5 billion.
• D)together exports and imports add nothing to the gross domestic product (GDP).

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Definitions:

Whalebone

A flexible, tough substance from the upper jaws of baleen whales, once used in corsets and umbrellas.

Crowding

A situation characterized by a high density of people or objects in a particular area, often leading to discomfort or restricted movement.

Then

At that time or subsequently.

Buy

To acquire something by paying for it; the act of purchasing.