Imports and exports are much more important than purely domestic economic activity.

Name: Imports and exports are much more important than purely domestic economic activity.
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Question

Quizplus · Accepted Answer

Imports and exports are crucial components of a country's economy, especially for trade-dependent nations, but purely domestic economic activity often constitutes a larger share of the gross domestic product (GDP) in many countries, reflecting the importance of local industries, services, and consumption.

Imports and Exports Are Much More Important Than Purely Domestic