Asked by
Petra Oduro
on Dec 12, 2024Verified
The primary source of purchasing power used to buy imported goods is the
A) revenue received from exports.
B) monetary sector.
C) balance of payments deficit.
D) domestic currency of a nation.
Purchasing Power
The capacity of an individual or group to buy goods and services with a given amount of currency, influenced by inflation and economic conditions.
Imported Goods
Products or commodities that are brought into a country from abroad for sale.
Revenue
Revenue is the total income generated by a company or individual from their normal business operations or activities.
- Understand the primary sources of purchasing power used to buy imported goods.
Verified Answer
SM
Learning Objectives
- Understand the primary sources of purchasing power used to buy imported goods.