________ refers to the total value of all the exports and imports of the world's nations.
A) Countertrade
B) International marketing
C) Gross national product
D) Gross domestic product
E) World trade

Question

Quizplus · Accepted Answer

World trade refers to the total value of all exports and imports of the world's nations. Countertrade refers to a specific type of international trade where goods or services are traded for other goods or services instead of using money. International marketing refers to the process of promoting and selling products or services in different countries. Gross national product (GNP) is the total value of all goods and services produced by a country's citizens and businesses, regardless of their location. Gross domestic product (GDP) is the total value of all goods and services produced within a country's borders, regardless of the nationality of the producers.

________ Refers to the Total Value of All the Exports