All goods and services purchased abroad and brought into a country are called ________.
A) gross domestic product (GDP)
B) exports
C) foreign trade
D) imports

Question

Quizplus · Accepted Answer

Imports are goods and services purchased from foreign countries and brought into a country. Gross domestic product (GDP) is the total value of goods and services produced within a country's borders. Exports are goods and services sold to foreign countries. Foreign trade refers to the exchange of goods and services between countries, including both imports and exports.

All Goods and Services Purchased Abroad and Brought into a Country