3. Equation (2.1) says that trade between any two countries is proportional to the product of their...

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3. Equation (2.1) says that trade between any two countries is proportional to the product of their GDPs. Does this mean that if the GDP of every country in the world doubled, world trade would quadruple?

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International Finance Theory And Policy

ISBN: 9781292238739

11th Global Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Jul 25, 2024 10:03 AM

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3. Equation (2.1) says that trade between any two countries is proportional to the product of their...

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International Finance Theory And Policy

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