BE ABLE TO ASSESS THE SIGNIFICANCE OF THE GLOBAL FACTORS THAT SHAPE NATIONAL BUSINESS ACTIVITES

Another issue is export. What proportion of the nation's output that is potentially exportable is in fact exported? One way to address this more narrow question is to begin with the domestic output of the goods-producing sectors of the economy, as measured by the value of final exports of goods, plus change in goods inventories,

Only 30%-40% of own consumption is produced by the United States and the rest is imported.

* In terms of both exports and imports which country is the number one trading partner with the U.S?

States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly

* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.

This just highlights the products and services that the UK has on offer for both domestic and inbound visitors. As even inbound visitors need to have asses to fuel (if they are travelling by car for example) and companies like BP offer this, also domestic visitors want to purchase goods such as cloths that are of an American brand, and the UK doesn’t disappoint as they have several different brands that are from several different foreign origins which sell their products. This therefore means that the UK has all the products that a domestic or inbound visitor would want.

15. Which of these countries is considered as one of the World 's most successful exporting nation?

Provide a timeline of major exports (what the nation used to heavily produce, what they are known for producing now, future trends) (Julie)

More than two-thirds of the United States’ exports are material goods. The other third is made up of capital goods (used to produce other other goods for a company). Some of these exported products include crude oil, kerosene, propane, pharmaceuticals, cell phones, gem diamonds, automobiles and food, feeds and beverages. Majority of these exports go to countries like Canada (19%), Mexico (14%), China (7%) and Japan (4.5%). - Figures estimates as of 2012. (EIA, 2014) (Wikipedia, 2014)

Export dominated by mining sector with 40 % valued, followed by manufacture, construction and agriculture, forestry and fishing (REMPLAN 2015).

3. a. When an American art professor spends the summer touring museums in Europe, he spends money buying foreign goods and services, so U.S. exports are unchanged, imports increase, and net exports decrease. b. When students in Paris flock to see the latest movie from Hollywood, foreigners are buying a U.S. good, so U.S. exports rise, imports are unchanged, and net exports increase. c. When your uncle buys a new Volvo, an American is buying a foreign good, so U.S. exports are unchanged, imports rise, and net exports decline. d. When the student bookstore at Oxford University sells a pair of Levi's 501 jeans, foreigners are buying U.S. goods, so U.S. exports increase, imports are

* Export goods account for $1.687 trillion, some of the main export partners of the European union are:

The top five products exported from the United Arab Emirates are crude petroleum, refined petroleum, gold, petroleum gas, and raw aluminum. The top exported product is crude petroleum which accounts for approximately 44% of all exported goods. The top five imported products are jewelry, refined petroleum, broadcasting equipment, cars, and computers. The top imported good is jewelry, which accounts for approximately 8.1% of all imported goods. The top five products exported from Panama are antibiotics, refined petroleum, passenger and cargo ships, packaged medicaments, and crude petroleum. Antibiotics is the top exported good accounting for approximately 28% of all exported goods. The top five products imported into the country are

Label these points B. (Look at the case of US and Japan’s export and import). (Each country will export what it specializes and import what it does not specialize)

Having been relatively resilient to the crisis in 2008, China has become the second largest economy to Japan (GDP) and the leading exporter to Germany in 2011. Since 2010, China 's growth continues to slow: it increased from 10.3% in 2010 to 7.7% in 2013. The IMF expects annual GDP growth of 7.6% in 2013 and 2014 .