Multiple Choice
Which of the following has occurred for the United States since 1960?
A) The ratio of exports to GDP (X / Y) and the ratio of imports to GDP (IM / Y) have both decreased.
B) X / Y has increased while IM / Y has decreased.
C) X / Y has decreased and IM / Y has increased.
D) X / Y and IM / Y have stayed relatively constant.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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