Table 21-1 -Refer to Table 21-1. Using the Table Above,what Is the Table

question 49

Multiple Choice

Table 21-1

-Refer to Table 21-1. Using the table above,what is the approximate average annual growth rate from 2008 to 2011?

• A) -1%
• B) 1%
• C) 2%
• D) 4%

---

Definitions:

Tariffs

Taxes imposed by a government on imported or exported goods, usually to protect domestic industries or to generate revenue.

Foreign Products

Goods or services produced in one country and sold in another, outside of their country of origin.

Duties

Taxes imposed on the import and export of goods.

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.