We Devote a Larger Portion of Our GDP to Transportation

question 29

Multiple Choice

We devote a larger portion of our GDP to transportation than most developed countries because of

• A)the high price of gasoline.
• B)the inadequate rail transportation.
• C)size of the country.
• D)lack of roads and parking lots.Productivity and real GDP are inversely relateD.

---

Definitions:

Check-Processing Region

An area or zone within the banking system designated for the processing and clearing of checks and other negotiable instruments.

Certified Check

A check for which the bank confirms that sufficient funds exist in the account to cover the check, and so sets aside the amount needed until the check is cashed or expires.

Cashier's Check

A check issued by a bank, drawing on its own funds rather than that of a personal account holder, guaranteeing payment to the payee.

Bank Liability

The legal obligations or debts that a bank is responsible for, such as deposits and loans.