Today, the Share of International Trade in U

question 306

Multiple Choice

Today, the share of international trade in U.S. GDP is

• A)almost 0 percent.
• B)about 10 percent.
• C)close to 30 percent.
• D)more than 99 percent.

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Definitions:

Private Sector

The part of the economy that is owned and controlled by individuals and companies for profit rather than by the state.

Financial Difficulties

Situations where individuals or organizations are unable to meet financial obligations due to insufficient funds.

Government Bonds

Debt securities issued by governments to finance public expenditure, offering periodic interest payments and principal repayment at maturity.

Earmarked Private Savings

Savings set aside by individuals for specific future uses or purchases, often with tax advantages or other incentives.