In 38 low-income and emerging economies with GDP per capita below $25,000 tracked by World Bank, the induced terms of trade movements accounted for fluctuations on average for all those countries. O 20 percent of GDP O40 percent of GDP O 30 percent of GDP O 10 percent of GDP

In 38 low-income and emerging economies with GDP per capita below $25,000 tracked by World Bank, the induced terms of trade movements accounted for fluctuations on average for all those countries. O 20 percent of GDP O40 percent of GDP O 30 percent of GDP O 10 percent of GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In 38 low-income and emerging economies with GDP per capita below $25,000 tracked by
World Bank, the induced terms of trade movements accounted for
fluctuations on
average for all those countries.
O 20 percent of GDP
O 40 percent of GDP
O 30 percent of GDP
O 10 percent of GDP

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