When comparing the ratio of trade to GDP, relative to other countries, the United States typically has
A) Lower ratios for both imports and exports.
B) A higher ratio for imports but a lower ratio for exports.
C) A lower ratio for imports but a higher ratio for exports.
D) Higher ratios for both imports and exports.

Question

Quizplus · Accepted Answer

The United States typically has lower ratios for both imports and exports relative to its GDP compared to other countries. This is due to the large size of its domestic economy, which means international trade, while significant in absolute terms, is smaller as a percentage of the overall economy.

When Comparing the Ratio of Trade to GDP, Relative to Other