The USGovernment Limits the Amount of Sugar Cane That Is Imported

question 127

True/False

The U.S.government limits the amount of sugar cane that is imported into the country.This is an example of a quota.

---

Definitions:

National Income Account

A set of accounts that provides detailed information about a country’s economic activity, such as GDP, GNP, and national income.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, used to adjust for inflation.

GDP Deflator

A measure of inflation that divides the nominal GDP by the real GDP and then multiplies by 100, showing how much prices have changed over a specific period.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy in terms of constant prices.