The trade-to-GDP ratio is calculated by
A) exports divided by GDP.
B) imports divided by GDP.
C) exports plus imports divided by GDP.
D) exports minus imports divided by GDP.
C
Economics
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A constant-cost industry is one that can expand and contract without effecting per unit production costs
a. True b. False
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Which of the following can lead to stagflation?
a. A decrease in the money supply b. A decrease in autonomous consumption c. A prolonged increase in oil prices d. An increase in government spending e. A decrease in oil prices
Economics