$\text { Table } 17.1$ Refer to Table 17

question 70

Multiple Choice

$\begin{array}{lll}\text { Year}& \text { Real GDP }& \text { Population }\\\hline1 & \$ 575 \text { billion } & 22 \text { million } \\2 & \$ 580 \text { billion } & 24 \text { million } \\3 & \$ 605 \text { billion } & 25 \text { million } \\4 & \$ 606 \text { billion } & 27 \text { million }\end{array}$
$\text { Table } 17.1$ Refer to Table 17.1.This economy grew

• A)At the same rate every year.
• B)Fastest in year 3.
• C)Fastest in year 2.
• D)Fastest in year 4.

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Definitions:

Specialize

involves focusing on a particular area of production or service in which a person or country holds a comparative advantage, allowing for increased efficiency and output.

Import

The process of importing products or services from foreign countries for the purpose of selling them domestically.

Domestic

Pertaining to or occurring within a country’s borders, often in reference to products produced, services rendered, or economic activities.

Produce

To create, manufacture, or grow goods and services for sale or consumption.