Which of the Following Statements Is True About MERCOSUR

question 11

Multiple Choice

Which of the following statements is true about MERCOSUR?

• A)It was established as a regional trade agreement between Peru and Venezuela.
• B)It is a part of the Caribbean Community and Common Market.
• C)It is the world's largest trading bloc.
• D)It was established as an answer to the Andean Community.
• E)It is a South American trade initiative with clear political goals.

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Definitions:

Depreciation

is an accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value.

Net Domestic Product

The total value of all finished goods and services produced within a country’s borders in a specific time period, after accounting for depreciation.

Per Capita GDP

A measurement that represents the gross domestic product (GDP) per person within a country, providing a per capita average of national economic output and wealth.

Population

The total number of people inhabiting a particular territory or country.