__________ Is a Commonly Used Measure of Global Economic Integration

question 14

Multiple Choice

__________ is a commonly used measure of global economic integration.

• A) Volume of trade
• B) Gross domestic product (GDP)
• C) Trade as a proportion of gross domestic product (GDP)
• D) Gross domestic product (GDP) as a proportion of trade

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Definitions:

Minimum Required Rate of Return

The lowest acceptable return on investment for a project or investment, often determined by the cost of capital or desired profit.

Gross Margin

The variance between the revenue generated from sales and the cost incurred from goods sold, calculated as a fraction of the sales revenue.

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues.

Margin

Describes profit as the difference between sales and the costs of goods sold, often expressed as a percentage of sales.