Imports and exports

A measure for the openess of the economy = (M + E) / GDP * 100%. What do you think this measure is for NL?

1. 27%
2. 87%
3. 57%
4. 117%

What do you think this measure is for the US?

1. 27%
2. 87%
3. 57%
4. 117%

Suppose labour productivity in NL increases while that in DE declines. What happens to international trade?

1. DE exports will go up
2. NL exports will go up
3. DE imports will go up
4. NL imports will go up.

Exercise 5 (p. 228) + 6 (p. 229) 

of your book Pincode