If the Trade-To-GDP Ratio Is 25% and the Overall Value

question 135

Multiple Choice

If the trade-to-GDP ratio is 25% and the overall value of trade (imports plus exports) is $175 billion, then the GDP is:

• A) $250 billion.
• B) $700 billion.
• C) $1 trillion.
• D) $0.5 trillion.

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Definitions:

Internal Attribution

The process of ascribing the cause of a person's behavior to internal characteristics, such as personality or disposition, rather than to external factors.

Insufficient Ability

The lack of necessary skills or competencies required to perform a task or meet objectives effectively.

Close Monitoring

The act of carefully and continuously observing or reviewing a situation, process, or individual's performance.

Performance Difficulties

Challenges or issues encountered that hinder the ability to achieve desired outcomes or standards in work or other activities.