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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

At one point Canada’s GDP was Chapter 23, Problem 5SCQ, At one point Canada’s GDP was billion and its exports were billion. What was Canada’s export ratio , example  1 billion and its exports were Chapter 23, Problem 5SCQ, At one point Canada’s GDP was billion and its exports were billion. What was Canada’s export ratio , example  2 billion. What was Canada’s export ratio at this time?

To determine

To calculate: Canada's export ratio when its GDP is $1,800 billion and its exports were $542 billion.

Explanation

Given GDP=$1,800 billion, exports =$542 billion

Exports ratio= Exports GDP 

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