Which of the Following Statements About Exports and Imports Is

question 9

Multiple Choice

Which of the following statements about exports and imports is true?

• A)Both imports and exports are added to a nation's GDP.
• B)Both imports and exports are subtracted from a nation's GDP.
• C)Imports are added to a nation's GDP; exports are subtracted.
• D)Exports are added to a nation's GDP; imports are subtracted.
• E)Neither imports nor exports are included in a nation's GDP.

---

Definitions:

Intercultural Communicator

An individual skilled in exchanging information effectively across different cultures, understanding and respecting diversity.

Global Business

Business activities that transcend national borders, involving transactions, partnerships, and operational strategies worldwide.

Franchise

A licensing arrangement whereby an individual or group is granted the right to operate a business under the established brand and business model of another entity.

Low-context Culture

A communication style characterized by explicit verbal messages, where most of the information is encoded in the words spoken.