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What is the trade-to-gdp ratio

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Suppose in a certain year, a country has GDP = 2000, consumption C = 1200, the domestic investment I = 400, private savings S = 200, government expenditure G = 350, exports of goods and services X = 200, net primary income (investment income received from a foreign country, as well as compensation) is zero, and net unilateral transfer received is 100.

What is the trade-to-GDP ratio?

What is the level of government tax?

Reference no: EM133124964

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