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Author Question: Gross Domestic Product measures the total value of all final goods and services produced within a ... (Read 45 times)

jon_i

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on: Jul 14, 2018
Gross Domestic Product measures the total value of all final goods and services produced within a nation's physical boundaries over a given period of time.
 
 Indicate whether the statement is true or false

Question 2

If the United States exports 100 worth of diamonds to the Kingdom of Mocha and imports 80 worth of bows and arrows, it has a(n)
 A) unfavorable balance of trade.
  B) trade deficit.
  C) trade surplus.
  D) negative cash flow.
  E) export slide.


AmberC1996

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  • Posts: 317
Reply #1 on: Jul 14, 2018
Answer to Question 1

True

Answer to Question 2

C


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