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

question 166

Multiple Choice

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

-Based on the table,the value of exports __________ and the value of exports as a percentage of GDP __________.

• A) increased; stayed the same
• B) increased; increased
• C) increased; decreased
• D) decreased; increased
• E) decreased; stayed the same

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Definitions:

Projected Income Statement

A financial statement that estimates a company's revenue, expenses, and net income for a future period.

Cash Budgeting

A forecast of cash flows based on expected receipts and disbursements rather than on projections of income statement and balance sheet accounts.

Supporting Detail

Supplemental information that explains, clarifies, or provides proof for statements made in a document or report.

Dual Purpose

Refers to something designed to serve two distinct functions or aims, often seen in products or tools with multiple uses.