According to a study by Enrique Mendoza,for all of the economies in the world,on average,terms of trade shocks account for
A) an imperceptible amount of the variation in real GDP.
B) about 10% of the variation in real GDP.
C) about 50% of the variation in real GDP.
D) almost all of the variation in real GDP.
E) none of the variation in real GDP.
Correct Answer:
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