The Largest Categories of U

question 137

Multiple Choice

The largest categories of U.S. imports in 2016 were _____, which accounted for _____ each of total imports.

• A) capital goods and industrial supplies; 22 percent
• B) capital goods and services; 19 percent
• C) industrial supplies and consumer goods; 16 percent
• D) consumer goods and services; 22 percent
• E) consumer goods and food; 5 percent

---

Definitions:

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, so the balance doesn't merely grow, it grows at an increasing rate.

Interest

Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Outstanding Balance

It signifies the total amount still owed on a loan or credit line, factoring in both principal and interest, at a certain point in time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a specific period.