Asked by
Eyerus Mekonnen
on Nov 11, 2024Verified
In recent decades,international trade has been:
A) a constant percentage of U.S.GDP.
B) a declining fraction of U.S.GDP.
C) an increasing fraction of U.S.GDP.
D) declining as measured by total dollars spent.
E) constant as measured by total dollars spent.
International Trade
The exchange of goods and services across international borders or territories, involving imports and exports.
U.S. GDP
The total market value of all goods and services produced within the United States over a specific time period.
Total Dollars
Refers to the aggregate amount of currency in various forms within a particular economic context.
- Comprehend the principles and functions of fiscal policy within an economic system.
Verified Answer
ZH
Learning Objectives
- Comprehend the principles and functions of fiscal policy within an economic system.