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The figure shows exports and imports as shares of GDP. During the 2008 to 2009 financial crisis, imports as a share of GDP fell in
The figure shows exports and imports as shares of GDP. During the 2008 to 2009 financial crisis, imports as a share of GDP fell in the United States. Which of these could explain this phenomenon? Graph with time in years from nineteen thirty to two thousand seventeen on the horizontal axis and share of g d p on the vertical axis. Two time series labelled imports and exports start in nineteen thirty at about five percent. The two series fluctuate with sharp dips around two thousand eight and two thousand sixteen. Imports end with a value of fifteen percent. Exports end at twelve percent. Group of answer choices The percentage increase in imports was greater than the percentage decrease in GDP. The percentage decrease in imports was less than the percentage decrease in GDP. The percentage increase in imports was less than the percentage decrease in GDP. The percentage decrease in imports was greater than the percentage decrease in GDP
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