The following table identifies the real value of exports,imports,and gross domestic product (GDP)for a country for three different years,measured in billions of dollars.
a.During this time period,what has happened to exports and imports as a percentage of GDP? Calculate the values.
b.During this time period,what has happened to the trade balance? Calculate the values.
c.Provide a plausible explanation for why the values might have changed in the way they did.
Definitions:
Practical Information
Useful and actionable details or data that can be applied in real-life situations.
Employee Turnover
The rate at which employees leave a company and are replaced by new employees.
Communication Skills
The ability to convey or share ideas and feelings effectively through verbal, non-verbal, written, and visual means.
Engaged
The state of being actively involved or committed to a task or situation.
Q8: In 1968,Friedman and Phelps predicted that high
Q37: Research and development (R&D)tax credits<br>A) will shift
Q86: In recent years,the United States has<br>A) exported
Q103: If the interest rates in China rise
Q104: Since 2000,world goods trade has<br>A) doubled.<br>B) tripled.<br>C)
Q105: In reality,individuals do not deposit all of
Q107: According to the figure,expansionary monetary policy starting
Q128: Complete the equation: current account balance =<br>A)
Q143: What is the value of M2 that
Q146: In the past decade,companies like Nike and