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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

The United States exports Chapter 23, Problem 20SCQ, The United States exports of GDP while Germany exports about of its GDP. Explain stat that means. , example  1 of GDP while Germany exports about Chapter 23, Problem 20SCQ, The United States exports of GDP while Germany exports about of its GDP. Explain stat that means. , example  2 of its GDP. Explain stat that means.

To determine

To interpret: the export of U.S is 14% of GDP while the exports of Germany are 50% of GDP.

Explanation

The U.S. exports 14% of GDP means its export ratio is 14% . so its exports are less ,so more internal trade is there

Germany ...

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