Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world. Switzerland Jаpan Import (current USD, bln) 380.1 906.3 Export (current USD, bln 466.3 GDP (current USD, bln) 705.1 917.9 4,954.8

Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world. Switzerland Jаpan Import (current USD, bln) 380.1 906.3 Export (current USD, bln 466.3 GDP (current USD, bln) 705.1 917.9 4,954.8

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter25: The Keynesian Perspective

Section: Chapter Questions

Problem 17CTQ: In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014...

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