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19 October, 19:56

Which of the following changes in trade would produce the greatest increase in GDP

Increase exports and increase imports

Increase exports and decrease imports

Decrease exports and increase imports

Decrease exports and decrease imports

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  1. 19 October, 23:47
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    Increase exports and decrease imports

    GDP refers to Gross Domestic Product and it is considered as the most effective way of measuring the economy of a certain country. An increase in exports means the country is able to produce more and sell the products overseas while a decrease in imports means the country procure lesser foreign goods. Therefore, the more the country produces and sells to other countries while being less dependent from other countries would surely increase the country’s GDP.
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