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Business, 13.08.2021 03:30 chrissy5189

Suppose a country sets all of its tariffs at 30% which causes a reduction in imports of 15%. If the total imports affected by the tariffs are 30 Billion USD and GDP is 100 Billion USD, the net national loss from the tariffs as a percentage of GDP is

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Suppose a country sets all of its tariffs at 30% which causes a reduction in imports of 15%. If the...
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