Which of the following has occurred for the United States since 1960?
A) The ratio of exports to GDP (X / Y) and the ratio of imports to GDP (IM / Y) have both increased.
B) X / Y has increased while IM / Y has decreased.
C) X / Y has decreased and IM / Y has increased.
D) X / Y has decreased and IM / Y has decreased.
Correct Answer:
Verified
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Q19: America's largest trading partner is
A)Canada.
B)Japan.
C)Mexico.
D)European Union.
E) none
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Q23: An increase in the real exchange rate
Q24: When E increases by 5%,we know that
A)a
Q25: Assume that the nominal exchange rate decreases
Q26: The nominal exchange rate (E)as defined in
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