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ECO 336 Exam 1 2025 Questions and Answers Countries such as the United States that have large populations tend to have ....ANSWER ...-lower trade-to-GDP ratios. The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million in imports, and GDP of $2,000 million would be - ....ANSWER The trade-to-GDP ratio is calculated by - ....ANSWER ...-0.5 ...-exports plus imports divided by GDP. A relative measure of the importance of trade is - ....ANSWER ...-trade as a percentage of GDP. An important factor that increased international capital flows in the latter part of the 1800s was - ....ANSWER ...-technological innovations Labor mobility was - ....ANSWER ...-greater in 1900 than in 2010 A major impact of the transatlantic telegraph was - ....ANSWER ...-a reduction in time required to complete a financial transaction between New York and London The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years - ....ANSWER ...-around World War II …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1