According to the World Trade Organization, What Was the Size

question 27

Multiple Choice

According to the World Trade Organization, what was the size of international trade in 2011?

• A)$7,000,000,000 (7 billion dollars)
• B)$70,000,000,000 (70 billion dollars)
• C)$37,000,000,000 (37 billion dollars)
• D)$18,000,000,000,000 (18 trillion dollars)

---

Definitions:

Nontaxable

Income or transactions that are not subject to taxation by government authorities.

FICA-OASDI

The part of the U.S. payroll tax that funds the Social Security program, officially called Old Age, Survivors, and Disability Insurance.

FICA-Medicare

Part of the U.S. payroll tax that funds Medicare, providing health insurance to individuals aged 65 and over, and to certain younger people with disabilities.

Federal Income Tax

An annual financial obligation placed on individuals, companies, trusts, and various legal entities by the central government.