Consider the following statements regarding India:
1. Exports (of goods and services) as a percent of GDP have steadily decreased over the last decade.
2. Imports (of goods and services) as a percent of GDP have steadily increased over the last decade.
3. Trade as a percent of GDP has steadily decreased over the last decade.
4. Services trade balance has consistently been positive in the last 10 years.
How many of the above statements are correct?
1
Only one
2
Only two
3
Only three
4
All four