Exports from the United States (As a Percentage of GDP)have

question 75

Multiple Choice

Exports from the United States (as a percentage of GDP) have

• A)remained constant for the last 50 years.
• B)increased over the last 50 years.
• C)decreased over the last 50 years.
• D)increased from 1960 to 1980 but has been steady since.

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Definitions:

Supply and Demand

The basic economic principle where the quantity of goods supplied equals the quantity of goods demanded at a specific price point.

Computer Production

The process of manufacturing computers, encompassing assembly of components to the creation of software.

Wage Inequality

The disparity in earnings between different workers or groups of workers.

Unskilled Workers

Employees who perform jobs that require minimal training or skills.