Asked by Rohan Anand on Apr 29, 2024
Verified
Which of the following countries had the smallest share of exports as a percentage of GDP in 2018?
A) Canada
B) Germany
C) United Kingdom
D) United States
GDP
A measure of the economic performance of a country, reflecting the total value of all goods and services produced over a specific time period, redefining for duplication.
- Acquire understanding of the magnitude and importance of global trade for diverse nations.
Verified Answer
KE
Katie EnglishMay 03, 2024
Final Answer :
D
Explanation :
The United States had the smallest share of exports as a percentage of GDP in 2018. This is because the U.S. economy is largely driven by domestic consumption, and its exports make up a smaller portion of its GDP compared to countries like Canada, Germany, and the United Kingdom, which have more export-oriented economies.
Learning Objectives
- Acquire understanding of the magnitude and importance of global trade for diverse nations.
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