Economists often use the sum of nation exports and imports

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Economists often use the sum of a nation's exports and imports divided by its overall economic activity as a measure of the nations degree of openness. Explain why a large value for this measure may not always be a good indicator of openness.

Reference no: EM131195958

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Economists often use the sum of nation exports and imports : Economists often use the sum of a nation's exports and imports divided by its overall economic activity as a measure of the nations degree of openness. Explain why a large value for this measure may not always be a good indicator of openness.

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