When Australian Real GDP Increases,Australian Imports

question 29

Multiple Choice

When Australian real GDP increases,Australian imports

• A)increase by more than the change in real GDP.
• B)increase by the same amount.
• C)decrease by the same amount.
• D)increase by less than the change in real GDP.
• E)decrease by less than the change in real GDP.

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Definitions:

Intermittent Profits

Earnings that are not consistent or regular, often fluctuating due to various external or internal factors.

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors.

Sustainable Competitive Advantage

Sustainable competitive advantage exists through realising cost and quality, knowledge and speed, creating a market stronghold and protecting financial resources.

Strategic Management

involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.