In 2010,imports and Exports Each Represented

question 14

Multiple Choice

In 2010,imports and exports each represented:

• A)about 15 percent of U.S.GDP.
• B)about 1 percent of U.S.GDP.
• C)about 40 percent of U.S.GDP.
• D)nearly 70 percent of U.S.GDP.

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Definitions:

Foreign Direct Investment

is an investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Foreign Portfolio Investment

Investment in financial assets from another country, such as stocks or bonds, without direct control over the businesses.

Trade Restrictions

Measures implemented by governments to control the amount of trade across its borders by limiting imports, exports, or both through mechanisms such as tariffs, quotas, and bans.

Labor Productivity

A measure of economic performance that calculates the efficiency of labor in producing goods and services.