A Rough Measure of the Degree of Economic Interdependence of a Nation

question 14

Multiple Choice

A rough measure of the degree of economic interdependence of a nation is given by:

• A)the size of the nations' population
• B)the percentage of its population to its GDP
• C)the percentage of a nation's imports and exports to its GDP
• D)all of the above

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Definitions:

Literacy

The ability to read and write at a level adequate for communication or comprehension.

Economic Growth

The increase in the amount of goods and services produced by an economy over a period of time.

Declining Savings

A situation where the amount of money saved by individuals or entities decreases over time.

Productivity Growth

An increase over time in the output of goods and services per unit of input, reflecting improvements in technology, processes, or efficiency.