Question

Level of trade is measured by a country's exports of goods and services as a share of its ______. Select the correct answer below:

1. gross domestic product (GDP)
2. level of inflation
3. balance of trade
4. none of the above

Answer 1

A country's level of trade is measured by its exports of goods and services as a share of its GDP. This indicates how much of its production the country exports.

option a is the correct

Step-by-step explanation:

A country's level of trade is measured by its exports of goods and services as a share of its gross domestic product (GDP). This indicates how much of its production the country exports.

It is possible for a country to have a high level of trade while also having a near-balance between exports and imports. This means that even though the country exports a significant portion of its production, it is also importing a similar amount.