Essay
The following table identifies the real value of exports,imports,and gross domestic product (GDP)for a country for three different years,measured in billions of dollars.
a.During this time period,what has happened to exports and imports as a percentage of GDP? Calculate the values.
b.During this time period,what has happened to the trade balance? Calculate the values.
c.Provide a plausible explanation for why the values might have changed in the way they did.
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a.Exports as a percentage of GDP is calc...View Answer
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