__________ 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 commonly used measure of global economic integration. It shows the level of a country's openness to international trade and reflects the degree of interdependence between economies. High levels of trade as a proportion of GDP indicate a greater degree of global economic integration.

__________ Is a Commonly Used Measure of Global Economic Integration