What is the relation between trade and world output?

Answer by  salsafoodie (3146)

The relation between the two is that trade input is the amount of product that is being exported and world output is when the item being traded and is multiplied through several other countries and other outputs which is shown the relation between the two economic terms which is still a discussion among many economics.

Answer by  will79 (98)

There is a direct relation between trade and world output. If a country is in recession. People would lose jobs and would buy less. That means country will import less. When big country imports less that means many small countries would not be able to sell hence falling in recession. Its a vicious circle.