The ratio of a country's exports to its GDP must
A) be greater than one.
B) be less than one.
C) equal the ratio of imports to GDP.
D) be larger than the ratio of imports to GDP.
E) none of the above
E
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The Ramsey Rule implies that goods be __________ in consumption.
A. unrelated B. equal C. opposite D. moderate
Refer to Table 15.2. From the information presented in the table, calculate the following values for the nation of Harmonia in 2012: a. the budget deficit b. the primary budget deficit c. the uses of government funds d
the sources of government funds
If a $74 billion increase in autonomous expenditure increases equilibrium expenditure by $150 billion, then the multiplier must be
a) $225 billion b) 0.5 c) $75 billion d) 2
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. Figure 9.6Refer to Figure 9.6. For this firm, diseconomies of scale set in after ________ units of output.
A. q1 B. q2 C. q3 D. q4