Apple is an American company, but its iPhones are assembled in China. The sale of each iPhone then is counted in US GDP as:
A) consumption.
B) investment.
C) an import.
D) an export.
Correct Answer:
Verified
Q11: In 2015, imports represented:
A) about 15 percent
Q12: A main trading partner with the U.S.
Q12: A country that has a trade surplus:
A)
Q13: A main trading partner with the U.S.
Q14: In the U.S. over the last 50
Q17: A trade surplus occurs when a country:
A)
Q17: A country that typically runs a trade
Q18: The balance of trade is the value
Q19: For nearly every year since 1970, the
Q20: China imports _ from the U.S. compared
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