Author Question: Gross Domestic Product measures the total value of all final goods and services produced within a ... (Read 83 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
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

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

True

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library