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True or false? Low-income countries tend to have a very high ratio of trade inflows and outflows relative to GDP.

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Solution

The statement can be either true or false depending on the specific low-income country in question. Some low-income countries may have a high ratio of trade inflows and outflows relative to GDP due to factors such as a heavy reliance on exports for income or a high level of imports due to a lack of domestic production capabilities. However, other low-income countries may have a low ratio due to factors such as trade restrictions, poor infrastructure, or a lack of access to international markets. Therefore, without specific information about a particular country, it is not possible to definitively say whether the statement is true or false.

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