28 Oct 2021
Problem 4
Page 291
Section SELF: CHECK QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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28 Oct 2021
Introduction
Export to GDP ratio is an indicator of international trade existing in an economy. To calculate this ratio, the aggregate value of export/ import occurring over a period of time is divided by the gross domestic product (GDP) of that period. It is considered as an indicator of openness to international trade (degree of globalisation) of an economy.
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