The Ratio of a Country's Exports to Its Total Output

question 14

Multiple Choice

The ratio of a country's exports to its total output (GNP or GDP)

• A)is known as the index of openness.
• B)provides a rough measure of the importance of international trade to that economy.
• C)if calculated for the United States would be quite low.
• D)All of the above.

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Definitions:

Federal Withholding

The process by which an employer withholds a portion of an employee's income to cover federal income taxes.

COBRA Premium Assistance

COBRA Premium Assistance refers to a subsidy for the health insurance premiums under the Consolidated Omnibus Budget Reconciliation Act, providing temporary continuation of health coverage at group rates.

Form 941-X

A form used by employers to correct mistakes made on a previously filed Form 941, which reports quarterly federal tax returns.

Electronic Funds Transfer

The digital transfer of money from one bank account to another either within the same financial institution or across different institutions.