Which of the following is a common measure of degree of 'openness of an economy'? (a) Exports and imports share in world GDP (b) Balance of Payments as a percentage of GDP (c) Trade balance as a percentage of GDP (d) Exports and imports of goods and services as a percentage of GDP
Which of the following is a common measure of degree of 'openness of an economy'? (a) Exports and imports share in world GDP (b) Balance of Payments as a percentage of GDP (c) Trade balance as a percentage of GDP (d) Exports and imports of goods and services as a percentage of GDP
Chapter1: Making Economics Decisions
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Which of the following is a common measure of degree of 'openness of an economy'?
(a) Exports and imports share in world GDP
(b) Balance of Payments as a percentage of GDP
(c) Trade balance as a percentage of GDP
(d) Exports and imports of goods and services as a percentage of GDP
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