Is the relative importance of trade to the nation\'s economy growing or shrinkin

Question

Is the relative importance of trade to the nation's economy growing or shrinking?

Select one:

a. The relative importance of trade to the American economy has remained low over the last 40 years.

b. The relative importance of trade to the nation's economy has shrunk over the last 40 years.

c. Over the last 40 years the relative importance of trade has grown significantly.

d. Trade has consistently been a major component of the economy over the last 40 years and has neither increased nor decreased significantly.

Explanation / Answer

Importance of trade has always been increased in the recent years. A growing trade volume always increase our way of living Less demand of exports from US has been an important factor for deciding the overall rate of currencies among many countries. Which inturn effects there GDP and then national income.

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