Answered: 7. A large GDP gap implies A. an excess…

7. A large GDP gap implies A. an excess of imports over exports. B. a low rate of unemployment C. a high rate of unemployment.

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 20SCQ: The United States exports 14 of GDP while Germany exports about 50 of its GDP. Explain stat that...

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Question

7. A large GDP gap implies
A. an excess of imports over exports.
B. a low rate of unemployment
C. a high rate of unemployment.

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