When Romania joined the European Union, its imports from other EU members increased by 22% and imports from all other countries fell by 8%. If trade with the EU countries account for 20% of Romanian imports, the total change in Romanian imports was % (if changes are negative, say X%, type in -X) and led to net trade (type in diversion or creation).

When Romania joined the European Union, its imports from other EU members increased by 22% and imports from all other countries fell by 8%. If trade with the EU countries account for 20% of Romanian imports, the total change in Romanian imports was % (if changes are negative, say X%, type in -X) and led to net trade (type in diversion or creation).

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 4E

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