Since the 1970s,Australia's Imports and Exports Have Both Grown from Less

question 88

Multiple Choice

Since the 1970s,Australia's imports and exports have both grown from less than ________ of GDP,to approximately ________ of GDP by 2016.

• A) 10 per cent; 15 per cent
• B) 15 per cent; 20 per cent
• C) 20 per cent; 30 per cent
• D) 40 per cent; 50 per cent

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Definitions:

Conditional Sale Contracts

Agreements where the sale of goods or property is conditional upon certain terms, typically the buyer making payments over a period, with the title remaining with the seller until conditions are met.

Purchase Price

The amount of money paid to acquire a good, service, or asset.

Combined Equivalent

The unified outcome or measure that represents the aggregate result or impact of several elements.

Scheduled Payments

Payments that are planned and set to occur at regular intervals over a specified period.