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If a country has a total export value of $1.2 billion and a total import value o

Practice Questions

Q1
If a country has a total export value of $1.2 billion and a total import value of $1 billion, what is the export-import ratio?
  1. 1.2:1
  2. 1:1.2
  3. 1:1
  4. 1.5:1

Questions & Step-by-Step Solutions

If a country has a total export value of $1.2 billion and a total import value of $1 billion, what is the export-import ratio?
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