1. Calculate the trade-to-GDP ratios for the two countries and answer the following questions. a. Put the ratios in the table. Estimates Import Export GDP Trade-to-GDP ratio Canada Q2 2023 704,535.0 682,469.0 2,198,984.0 USA Q2 2023 3,739.3 2,934.6 26,798,6 b. If your calculations are correct, the ratios are very different. How would you plain why the ETS

1. Calculate the trade-to-GDP ratios for the two countries and answer the following questions. a. Put the ratios in the table. Estimates Import Export GDP Trade-to-GDP ratio Canada Q2 2023 704,535.0 682,469.0 2,198,984.0 USA Q2 2023 3,739.3 2,934.6 26,798,6 b. If your calculations are correct, the ratios are very different. How would you plain why the ETS

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 38CTQ: If you observed a country with a rapidly growing trade surplus over a period of a year or so, would...

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