Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All of the following statements are true, except: Select the correct answer below: One way to measure globalization is to look at a country's export

All of the following statements are true, except: Select the correct answer below: One way to measure globalization is to look at a country's export of goods and services as a percentage of their GDP. If two countries import and export almost the same dollar value of goods and services to each, they will have the same export ratio. Most countries have trade surpluses or deficits that are less than 5% of GDP. Dividing the trade deficit in each year by GDP in that year, inflation and growth in the real economy can be factored out.l

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

18th edition

978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694

More Books

Students also viewed these Economics questions