Which of the following has occurred for Australia since 1960?
A) The ratio of exports to GDP and the ratio of imports to GDP have stayed relatively constant.
B) The ratio of exports to GDP has increased while the ratio of imports to GDP has decreased.
C) The ratio of exports to GDP has decreased and the ratio of imports to GDP has decreased.
D) The ratio of exports to GDP has decreased and the ratio of imports to GDP has increased.
E) The ratio of exports to GDP and the ratio of imports to GDP have both increased.
Correct Answer:
Verified
Q18: Suppose E increases by 5%. Which of
Q19: The nominal exchange rate (E) is defined
Q20: Which of the following will cause a
Q21: In a country like Kuwait, which earns
Q22: An increase in the real exchange rate
Q24: Suppose you have one Australian dollar. Which
Q25: The ratio of a country's exports to
Q26: Year- to- year movements in real exchange
Q27: Which of the following events will cause
Q28: A tariff is
A) a restriction on the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents