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Business, 09.09.2020 22:01 bankzdown

The ratio of a country's exports to its total output (GNP or GDP) Select one: a. is known as the index of openness. b. provides a rough measure of the importance of international trade to that economy. c. if calculated for the United States would be quite low. d. All of the above. Clear my choice Question 2 Answer saved Points out of 1.00 Not flaggedFlag question Question text The difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is that Select one: a. GNP refers to production within the nation while GDP refers to production by domestic factors no matter where they are located. b. GNP is always bigger than GDP. c. GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located. d. All of the above are true.

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The ratio of a country's exports to its total output (GNP or GDP) Select one: a. is known as the ind...
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