Examlex
Which of the following is equivalent to unplanned investment?
GDP
Gross Domestic Product, the total value of all goods and services produced within a country in a given period, a primary indicator of economic health.
GATT Agreement
The General Agreement on Tariffs and Trade; a legal agreement between many countries whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
WTO
The World Trade Organization, an international body that deals with the rules of trade between nations, aiming to ensure that trade flows smoothly, predictably, and freely.
Trade Barriers
Restrictions imposed by a government on international trade, such as tariffs, quotas, and import bans, to protect domestic industries.
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