Essay
Some countries have low ratios of international trade
(exports + imports) to GDP (such as the United States),
while, in other countries, the ratio of international trade
to GDP exceeds one.How is it possible for trade to exceed
the value of GDP?
Correct Answer:
Verified
Countries for which trade exceeds GDP te...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q1: Why should bilateral trade balances be viewed
Q52: Which of the following countries has the
Q53: Which of the following is a reason
Q55: Currently, which of the following countries is
Q56: Which of the following is a reason
Q58: How does trade in the modern world
Q61: Intel, an American company, has manufacturing plants
Q62: In 1956 an invention increased the volume
Q99: A country's service exports include:<br>A) a restaurant
Q204: What was the General Agreement on Tariffs