Which of the following are signs of an open economy? I. Share of trade in GDP is high. II. GDP and GNP are almost the same. III. Exchange rate is determined by markets. Select the correct answer using the codes given below

Which of the following are signs of an open economy? I. Share of trade

1.	Which of the following are signs of an open economy? I. Share of trade in GDP is high. II. GDP and GNP are almost the same. III. Exchange rate is determined by markets. Select the correct answer using the codes given below
A.	I and III
B.	Only II
C.	I and II
D.	II and III
E.	All of these
Answer» B. Only II

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Which of the following are signs of an open economy? I. Share of trade in GDP is high. II. GDP and GNP are almost the same. III. Exchange rate is determined by markets. Select the correct answer using the codes given below

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