Practical 1

Question 2

GDP formula

Answer 2

Personal & public consumption
+ Gov expenditure
+ Public & private investment
+Tradebalance(export-imports)
= GD

Question 3

The trade balance can be seen as a measure of

Answer 3

strength of a country’s economy in relation to other
countries. For example, a country with a large trade deficit is highly dependent on imports from other nations.

Question 4

Foreign Direct Investment is

Answer 4

the ownership of a foreign property in exchange for a financial
return, such as interest and
dividends

Question 5

Top Good exports and imports portugal

Answer 5

EXPORT
1. Minerals and metals
2. Machines
3. Chemicals, rubbers

IMPORTS
1. Minerals and metals
2. Chemicals, rubbers
3. Machines

Question 6

Top Service export and imports portugal

Answer 6

EXPORTS
1. Travel and tourism
2. Transportation
3. Telecom, IT services

IMPORTS
1. Transportation
2. Travel and tourism
3. Telecom, IT Services

Question 7

Top trading partners(no order)

Answer 7

Spain
France
Germany
UK
US
Italy
Netherlands

Question 8

Small/Medium companies more likely to export
True or False

Answer 8

False
Medium/Large companies more likely to export
(and grow faster)