Question: Which statement is correct? Select the best answer. Answer Key Exports of goods and services usually comprise a smaller share of GDP than the current

Which statement is correct? Select the best answer. Answer Key Exports of goods and services usually comprise a smaller share of GDP than the current account balance. Exports of goods and services can be used to measure an economy's level of globalization. Historically, the merchandise trade balance has been significantly higher than the current account balance in the United States

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!