A) In what way doesessment module 4comparing a country’s exports to GDP reflect how globalized is it? 1B) Canada’s GDP is $1800 billion and exports are $542 billion. What is Canada’s export ratio? 1C) GDP for the USA is $16,800 billion and the current account balance is $400 billion. What percentage of GDP is the current account balance? 1 D) Why do trade balance and the current account balance track so closely over time?(or) 2) Use savings and investment identity to answer the following question: Country A as a trade deficit of $200 billion, private domestic savings of $500 billion, a government deficit of $200 billion and a private domestic investment of $500 billion. To reduce the $200 billion trade deficit by $100 billion, b how much does private domestic savings have to increase.
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