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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

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B

b) Only ii

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C

c) Both i and ii

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D

d) None of the above

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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.

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