Trade to GDP ratio is generally taken as a standard measure of openness of an economy What do you me...........

Economic Affairs Growth and Indicators

Trade to GDP ratio is generally taken as a standard measure of openness of an economy. What do you mean by trade to GDP ratio?

It is the ratio of exports plus imports expressed as a share of GDP

It is the ratio of only imports expressed as a share of GDP

It is the ratio of only exports expressed as a share of GDP

None of the above

Trade to GDP ratio is the ratio of exports plus imports expressed as a share of GDP.

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