Question 802

According to the guide, the North American Free Trade Agreement (NAFTA) had a value of over $1 trillion in 2008. What exactly did this figure measure?

  1. ACombined population income
  2. BMerchandise trade value
  3. CTotal government assets
  4. DCross-border service fees
Show the answer and explanation

Correct answer: B) Merchandise trade value

Explanation

The guide clearly states that by 2008, NAFTA included 'over 444 million people and over $1 trillion in merchandise trade'. The trillion-dollar figure specifically refers to the trade of goods.

Found a mistake in this question?