By Itself, an Increase in Exports

question 247

Multiple Choice

By itself, an increase in exports

• A) increases GDP.
• B) decreases GDP.
• C) means imports decrease by the same amount.
• D) can either increase or decrease GDP, depending on whether the exports are durable or nondurable.

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Definitions:

Performance Based Pay

A compensation strategy that ties employee pay directly to their performance and achievements, varying with the individual's or team's achievements.

Organization Value

The core principles and beliefs that guide an organization's decisions and behavior, influencing its culture and identity.

Maximizing Contribution

Maximizing contribution involves strategies and practices designed to enhance the involvement, performance, and productivity of individuals or teams to their full potential for the benefit of the organization.

Multinational Company

A corporation that operates and has assets in more than one country, allowing it to produce and sell goods in various markets.