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Goods and Services That Are Produced in a Foreign Country

question 39

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Goods and services that are produced in a foreign country but consumed domestically are called:


Definitions:

Conversion Formula

A mathematical equation used to change one set of units to another.

Pounds

A unit of weight in the imperial system, used primarily in the United States, equivalent to 0.453592 kilograms.

Kilograms

A unit of mass in the metric system, widely used globally in science, industry, and medicine to measure body weight or substance amounts.

Conversion Formula

A mathematical equation used to change a measurement from one unit to another.

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