Sixty Years After the Signing of GATT and Following Eight

question 52

Multiple Choice

Sixty years after the signing of GATT and following eight completed round of trade negotiations,

• A) trade barriers are no longer an issue.
• B) trade barriers have been successfully reduced.
• C) trade barrier have actually increased.
• D) there has been no real change in trade barrier.

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Definitions:

Annual Rate

A term often used in finance to describe the interest rate over the period of one year.

Economic Growth

is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured by GDP.

1933-1940

A specific time period noted for significant global and political events, including the depths of the Great Depression and the lead-up to World War II.

Percent

A part or other object per hundred, used in mathematics and statistics to describe proportions.