Suppose Exports Total $6

question 76

Multiple Choice

Suppose exports total $6.5 billion and imports total $8 billion in a year.What do imports and exports together add to GDP?  

• A) $6.5 billion 
• B) $1.5 billion 
• C) -$1.5 billion 
• D) -$8 billion

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Definitions:

Underemployment

A situation in which workers are employed below their skill level or work fewer hours than they would prefer.

DVCs

Digital Video Cameras, electronic devices used to capture video in a digital format.

Currency Appreciation

The increase in the value of one currency relative to another in the foreign exchange market, often impacting international trade and economic balance.