Since 1950 U

question 166

Multiple Choice

Since 1950 U.S.exports as a percentage of GDP have approximately

• A) stayed constant.
• B) doubled.
• C) tripled.
• D) quadrupled.

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Definitions:

Market Prices

The current value at which a good or service can be bought or sold in a marketplace.

Income Exchange

A process where different forms of income are exchanged, typically in an economic or financial system.

Demand Curve

A chart that represents the correlation between a product's price and the amount of that product buyers are prepared and capable of buying at different price levels.

Hamburgers

A popular fast food item consisting of a cooked patty, usually of ground beef, placed inside a sliced bun, often served with various accompaniments and condiments.