Open economy and EU as a trading bloc

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Economics

Open economy

EU as a trading bloc

Answer exercise 8

Answer exercise 9

Answer exercise 10

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Theory on page 154

Arrangements EU

• Free movement of goods and services
• Free movement of labour --> working in another country of the EU
• Free movement of capital --> investing or setting up a business in another country of the EU

Importduties and export subsidy

Bulgary has 800 billion GDP. Export is 200 billion. Estonia has 500 billion GDP Export is 100 billion

1. Bulgary has the most open economy
2. Estonia has the most open economy
3. Bulagary's economy is just as open as Estonia
4. King toto

Bulgary is more open

Bulgary has 800 billion GDP. Export is 200 billion. Estonia has 500 billion GDP Export is 100 billion

Exportquote Bulgary: 200/800 X 100 % = 25 %

Exportquote Estonia: 100/500 X 100 % = 20 %