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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
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