Consider the following statement: Because the percentage of U.S. GDP accounted for by trade is much less

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Consider the following statement: “Because the percentage of U.S. GDP accounted for by trade is much less than for many other countries, trade is not very important to the United States.”Do you agree with this statement? Briefly explain.

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Question Posted: Feb 04, 2016 07:01 AM

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Consider the following statement: Because the percentage of U.S. GDP accounted for by trade is much less

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Although trade is a less significant portion of GD...View the full answer

Macroeconomics

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