1 Imports and Exports as a percentage of output: 2000 Percentage 40 of GDP 35 30 25 20 10 5 0 Canada France Germany Italy Japan U.K. U.S. Imports Exports CHAPTER 8 The Open Economy slide 3CHAPTER 8 The Open Economy slide 3 Percentage of GDP 40 35 30 25 20 15 10 5 0 Canada France Germany Italy Japan U.K. U.S. Imports Exports Imports and Exports as a percentage of output: 2000 1