In 2015, Exports Represented

question 140

Multiple Choice

In 2015, exports represented:

• A) about 13 percent of U.S. GDP.
• B) about 1 percent of U.S. GDP.
• C) about 30 percent of U.S. GDP.
• D) nearly 20 percent of U.S. GDP.

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Definitions:

Cash Deal

A transaction where the payment for a good, service, or acquisition is made entirely with cash instead of financing or stock exchanges.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of an asset in the open market.

Fixed Assets

Long-term tangible assets used in the operations of a business and not expected to be converted to cash within a year.

Long-Term Debt

Debt that is due for repayment in more than one year, often used to finance major investments or acquisitions.