For the United states, exports plus imports are about _____ of its gross national product?

Related Mcqs:

1. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

2. _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

   A. Paul Samuelson’s
   B. Wolfgang Stolpher’s
   C. Staffan Linder’s
   D. Wassily Leontief’s

3. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

4. Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?

   A. improves
   B. worsens
   C. is unaffected
   D. falls for a while before increasing

5. Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?

   A. Pakistan -owned firms no matter where they are located in the world
   B. The domestic manufacturing sector only
   C. The domestic service sector only
   D. People and factories located within the borders of the Pakistan
   E. none of these answers

6. To adjust from Gross National Product to Net National Product ?

   A. Deduct depreciation
   B. Deduct indirect taxes
   C. Deduct subsidies
   D. Add inflation

7. The differences between a country’s merchandise exports and its merchandise imports is the ?

   A. balance of payments
   B. capital account
   C. current account
   D. balance of trade

8. The record of country’s imports and exports of goods and services is called its ?

   A. visible trade balance
   B. balance of trade
   C. balance of payments on current account
   D. balance of payments.

9. The record of country’s imports and exports of goods is called its ?

   A. balance of trade:
   B. balance of payments
   C. balance of payments on current account
   D. visible trade balance

10. In the calculation of gross domestic product net exports are ?

    A. the sum of merchandise trade and services
    B. the current account plus long-term capital
    C. the value of merchandise exports minus imports
    D. short-term capital plus the basic balance