Which of the following statements is incorrectly describing the ratio of trade at market prices to gross domestic product (the trade-to-GDP)?

Q. Which of the following statements is incorrectly describing the ratio of trade at market prices to gross domestic product (the trade-to-GDP)?

a. If a country has total export of 5 billion dollars, total import of 3 billion dollars and GDP of 40 billion dollars, the country’s trade-to-GDP is 20%.

b. It is used as a measure of the openness of a country to international trade, and so may also be called the trade openness ratio.

c. The trade-to-GDP ratio tends to be low in countries with large economies and large populations.

d. China has one of the lowest trade-to-GDP ratio because of its large economic size and population.

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