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Eyerus Mekonnen
on Nov 11, 2024

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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.
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Zuleyka HernandezNov 15, 2024
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