If the Value of Exports Equals $6

question 176

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 GDP.
• B) together exports and imports add $6.5 billion to the GDP.
• C) together exports and imports reduce the gross domestic product (GDP) by $1.5 billion.
• D) together exports and imports add $14.5 billion to the GDP.
• E) together exports and imports add nothing to the GDP.

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Definitions:

Unmarried Couple

A pair of individuals in a romantic relationship who live together but are not legally married.

Tenancy by the Entirety

A form of joint property ownership available only to married couples, where each spouse has an undivided interest in the property and right of survivorship.

Tenancy in Partnership

Tenancy in Partnership describes a form of ownership where partners possess an undivided interest in property owned by the partnership for the purpose of the partnership's business.

Tenancy in Common

A form of ownership where two or more individuals own property together, each holding a distinct, undivided interest.