If an Economy Has Aggregate Output of $20 Trillion,then Aggregate

question 80

Multiple Choice

If an economy has aggregate output of $20 trillion,then aggregate income is

• A)$10 trillion.
• B)$20 trillion.
• C)$30 trillion.
• D)$40 trillion.

Understand the strategic implications of import tariffs and agricultural subsidies in international trade.

Identify the common arguments for and against trade restrictions.

Recognize the historical background and purpose of the General Agreement on Tariffs and Trade (GATT).

Differentiate between various arguments made for trade restrictions and their validity.

---

Definitions:

Preferred Stock

A class of stock that offers dividends and/or liquidation preferences over common stock but typically does not carry voting rights.

Par Value

A nominal value assigned to shares of stock by a company's charter, which has little relation to its market value.

Dividends Paid

The portion of a corporation's earnings distributed to shareholders, typically in the form of cash or additional shares.

Dividend Yield

Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price, indicating the return on investment for shareholders.