ECONOMICS
GDP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Japan buys government securities.
|
|
|
The United States sells more goods to Japan.
|
|
|
Japan sells Japanese securities to the U.S.
|
|
|
The United States buys more Japanese goods.
|
Detailed explanation-1: -The increase in real GDP reflected increases in exports, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending, that were partly offset by decreases in residential fixed investment and private inventory investment.
Detailed explanation-2: -This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Japan from 2010 to 2020. In 2020, agriculture contributed around 1.04 percent to Japan’s GDP, 29.02 percent came from the industry and 69.47 percent from the service sector.
Detailed explanation-3: -In 2021, of the $75.0 billion in U.S. exports to Japan, the top commodity sectors were Agricultural Goods, (19.5%) Chemicals, Plastics, Rubber and Leather Products (18.8%), and Oils, Minerals, Lime and Cement (16.7%).
Detailed explanation-4: -The Balance of Trade and GDP In the inverse situation, where a country imports more than it exports, it is said to have a trade deficit. A trade surplus indicates that a country is producing goods, services, or raw materials for consumption abroad.