The Following Table Identifies the Real Value of Exports,imports,and Gross

question 88

Multiple Choice

The following table identifies the real value of exports,imports,and gross domestic product (GDP) for the U.S.economy,measured in billions of dollars for a series of years.Use the table to answer the following questions:

-According to the table,in the year 2000,the real value of exports as a percentage of GDP was ________ and the real value of imports as a percentage of GDP was ________.

• A) 12.48; 15.45
• B) 5.43; 6.12
• C) 8.79; 10.68
• D) 10.02; 13.82
• E) 2.00; 1.30

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Definitions:

Pure Free-market System

An economic system where transactions are made without government intervention, based solely on the forces of supply and demand.

Mixed Economic System

An economic system that blends aspects of both capitalism and socialism, incorporating both private and government involvement in economic activities.

Traditional System

A social or economic system based on long-standing customs, practices, and traditions, often within specific communities or cultures.

Pollutants

Substances that contaminate the environment, causing harm or discomfort to organisms.