MyQuestionIcon

1784

You visited us 1784 times! Enjoying our articles? Unlock Full Access!

Depreciation

86 . Which of...

Question

86. Which of the following are correct?

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

ii) India’s trade to GDP ratio is higher than china

A

a) Only i

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

b) Only ii

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

c) Both i and ii

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

d) None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
c) Both i and ii

86 Ans C

Explanation: The trade-to-GDP ratio is an indicator of the relative importance of international trade in the economy of a country. It is calculated by dividing the aggregate value of imports and exports over a period by the gross domestic product for the same period. Although called a ratio, it is usually expressed as a percentage.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Consider the following statements

1. A higher Tax to GDP ratio is considered better for the economy
2. India has one of the lowest Tax to GDP ratio

Which of the above are correct?

Q. 17. Which of the following statement(s) is/are correct about GDP Deflator?
1. The GDP Deflator measures the ratio of nominal to real GDP.
2. GDP Deflator measures the change in the price level between the base year and the current year.
3. GDP deflator does not include prices of imported goods.
Correct answer code is:

Q. 'Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars'. State whether this statement is correct.

FEI for a country in a year, is the ratio (expressed as a percentage) of its foreign equity inflows to its GDP. The figure given displays the FEIs for select Asian countries for 1997 and 1998.
It is known that China’s GDP in 1998 was 7% higher than its value in 1997, while India’s GDP grew by 2% during the same period. The GDP of South Korea, on the other hand, fell by 5%. Which of the following statements is/are true? I. Foreign equity inflows to China were higher in 1998 than in 1997.
I. Foreign equity inflows to China were higher in 1998 than in 1997.
II. Foreign equity inflows to China were lower in 1998 than in 1997. III. Foreign equity inflows to India were higher in 1998 than in 1997. IV.Foreign equity inflows to South Korea decreased in 1998 relative in 1997.
V. Foreign equity inflows to South Korea increased in 1998 relative in 1997.

75) Consider the following statements regarding inter-state trade

i) The estimate for interstate trade Indicate that cross-border exchanges between and within firms amount to atleast 54% of GDP

ii) India’s aggregate interstate trade is not as high as that of U.S.A (78% of GDP) or china (74% of GDP)

which of the above is correct?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Depreciation

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon