Asked by
Valine Guerrier
on Oct 25, 2024Verified
Although U.S.exports and imports have grown substantially in absolute terms since the 1960s,the share of exports and imports in total output has fallen significantly over the past few decades.
Total Output
Total output refers to the total quantity of goods and services produced within an economy at a given time period, reflecting the aggregate production level.
- Acquire knowledge on the practices of export and import in the context of international business transactions.
Verified Answer
BM
Learning Objectives
- Acquire knowledge on the practices of export and import in the context of international business transactions.
Related questions
Imports Are Good and Services That Are ...
Relative to the Size of Their Economy,many Other Countries Engage ...
Under ____ Agreements, Goods Produced in One Country Are Shipped ...
The Growth of Export Industries ___ the Exporting Country ...
___ Is a Significant Pathway to Business Growth for Both ...