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If a country’s GDP is $2 trillion and its exports are 10% of GDP, what is the va

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Question: If a country’s GDP is $2 trillion and its exports are 10% of GDP, what is the value of its exports?

Options:

  1. $200 billion
  2. $300 billion
  3. $150 billion
  4. $250 billion

Correct Answer: $200 billion

Solution: 

Exports = 10% of GDP = 0.10 * $2 trillion = $200 billion.

If a country’s GDP is $2 trillion and its exports are 10% of GDP, what is the va

Practice Questions

Q1
If a country’s GDP is $2 trillion and its exports are 10% of GDP, what is the value of its exports?
  1. $200 billion
  2. $300 billion
  3. $150 billion
  4. $250 billion

Questions & Step-by-Step Solutions

If a country’s GDP is $2 trillion and its exports are 10% of GDP, what is the value of its exports?
  • GDP and Exports – Understanding the relationship between a country's GDP and its exports, specifically how to calculate a percentage of GDP.
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