45. Import levels are decided by two important factors which are?
a. Purchasing power parity
b. Economic and trade relations
c. Per capita incomes and population size
d. GDP and FDI
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Explanation:
What factors determine imports?
The eight factors that influences the value of a country 's exports and imports are as follows:
i. The country's inflation rate: If the country has a relatively high rate of inflation, domestic households and firms are likely to buy a significant number of imports. ...
iii. Productivity: ...
v. Marketing: ...
vii. Foreign GDP:
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