In 1774 the best estimate for the size of the overseas trade as a proportion of national income is:

Name: In 1774 the best estimate for the size of the overseas trade as a proportion of national income is:
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While it is difficult to accurately calculate national income and overseas trade in 1774, estimates suggest that the overseas trade made up around 15-20% of national income during this time period. This was largely due to the importance of exports such as tobacco, rice, and indigo.

In 1774 the Best Estimate for the Size of the Overseas