Author Question: The ratio of a country's exports to its total output (GNP or GDP) A) is known as the index of ... (Read 73 times)

DelorasTo · **on:** Jun 30, 2018

The ratio of a country's exports to its total output (GNP or GDP)

A) is known as the index of openness.
B) provides a rough measure of the importance of international trade to that economy.
C) if calculated for the United States would be quite low.
D) All of the above.

Question 2

Economic growth would be illustrated by

A) a rightward shift of aggregate demand.
B) a leftward shift of aggregate demand.
C) a rightward shift of aggregate supply.
D) a leftward shift of aggregate supply.