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question 137

Essay

How have U.S.imports and exports, as a fraction of GDP, changed from 1970 to the present?


Definitions:

Forest Industry

The sector involved in the management, conservation, harvesting, processing, and sales of forests and forestry products.

Decline

A decrease in the value or price of an asset or a reduction in the strength or quality of something.

Strip Bond

A financial instrument representing a portion of a debt security without periodic interest payments, where the investor receives the face value at maturity.

Maturity

The time when a financial instrument, such as a bond or loan, reaches its due date and is to be paid off.

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