When a country's exports of goods are ________ its imports of goods in a given period, it has a trade surplus.

What role do well-functioning financial markets play in a market economy?

What will be an ideal response?

Country D and Country E both recorded an increase in real GDP of 4 percent per year from 1997 to 2007. During this time, the population for Country D grew at 3 percent per year and the population for Country E grew at 2 percent. Which of the following is true during this period?

A. Per capita GDP decreased for both Country D and Country E. B. Per capita GDP increased for both Country D and Country E. C. Per capita GDP increased for Country D only. D. Per capita GDP decreased for Country E only.