7. Quotas are defined as Tracking measurement for a government to determine how many are being exported and imported into a country Number of goods a…

7. Quotas are defined as

Tracking measurement for a government to determine how many are being exported and imported into a country

Number of goods a country exports

Limitations on the number of goods which are exported

Limitations on the number of goods which are imported

8. Real Gross Domestic Product (GDP) is

GDP adjusted for inflation and fluctuations with our economy

Constant dollar of GDP produced within our countrys borders

C+I+G+NX

The Value of goods produced within our countrys borders over is specified period of time