If a country's GDP is $10 trillion and its overall trade flows are $2 trillion (exports plus imports), then:

Question

Quizplus · Accepted Answer

The trade-to-GDP ratio is calculated by dividing the country's overall trade flows by its GDP. In this case, $2 trillion divided by $10 trillion equals 0.2, or 20%. This means that the country's trade-to-GDP ratio is 20%, which is a common ratio for many countries around the world. There is no indication that the country is unsuccessful or that its GDP needs to increase.

If a Country's GDP Is $10 Trillion and Its Overall