Economy, asked by vanshkumarup32, 7 months ago

how gdp growth is linked with foreign trade of a country​

Answers

Answered by fucl
1

Answer:

Because gdp is the total income of a country

and when gdp defects or gains by a country it also get effect on the foreign trade

Answered by syed2020ashaels
0

Answer: Here is the explanation of the given question.

Explanation:

Foreign trade enlarges the market for a country’s output and as you know  exports may lead to increase in national output and may become an engine of growth then expansion of a country’s foreign trade may energize an otherwise stagnant economy and may lead it onto the path of economic growth and prosperity.

GDP or Gross domestic production is directly linked with foreign trades as the benefit of trades are added up with the GDP percentage which equally good for human development of a country.  The economic growth or GDP of that country would not flourish much as it should be in case of any country lags in foreign trade.

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