__________ is a commonly used measure of global economic integration.
A)volume of trade
B)gross domestic product (GDP)
C)trade as a proportion of gross domestic product (GDP)
D)gross domestic product (GDP)as a proportion of trade

Question

Quizplus · Accepted Answer

Trade as a proportion of gross domestic product (GDP) is a measure of global economic integration because it reflects the extent to which countries are engaging in international trade and therefore becoming more interconnected economically. It captures the importance of international trade in relation to a country's overall economic activity, and can be used to compare economic integration across different countries and over time.

__________ Is a Commonly Used Measure of Global Economic Integration