Which of the Following Is the Best Definition of Openness

question 99

Multiple Choice

Which of the following is the best definition of openness?

• A)The average of imports expressed as a share of GDP.
• B)The average of goods traded in markets expressed as a share of GDP.
• C)The average of imports and exports expressed as a share of GDP.
• D)The average trade balance expressed as a share of GDP.
• E)The average of exports expressed as a share of GDP.

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Definitions:

Investing Activities

These activities relate to the acquisition and disposal of long-term assets and other investments not included in cash equivalents, within the statement of cash flows.

Common Stock

Common stock represents shares in a company that entitle holders to vote at shareholder meetings and receive dividends, typically possessing residual ownership in the company.

Manufacturing Facilities

The physical plants, factories, and machinery used in the process of producing goods.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net profit or loss.