Answer the following questions using the BEA Tables for US International Trade in Goods and Services E Scroll down to the "U.S. Trade in Goods and Services, 1960-present" and download those spreadsheets. Using annual data from Table 1: Calculate the growth rate in U.S. exports between 2017-2021. Report your answer rounded to the nearest tenth. % Calculate the growth rate in U.S. imports between 2017-2021. Report your answer rounded to the nearest tenth. %
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- Answer the following questions using the BEA Tables for US International Trade in Goods and ServicesLinks to an external site.. https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Scroll down to the "U.S. Trade in Goods and Services, 1960-present" and download those spreadsheets. Using annual data from Table 1: Calculate the growth rate in U.S. exports over the last five years.(2017-2021) Report your answer rounded to the nearest tenth. % Calculate the growth rate in U.S. imports over the last five years. Report your answer rounded to the nearest tenth. %Trade Statistics-WTO-2021 Follow up the official site to download latest data WTO International Trade Statistics: 3 latest years reports 1. Submit your assignment enumerating at least 5 key findings from the WTO's trade statistics by critically analyzing them.( STRICTLY DO HANDWRITTEN IN A PAPER) NOTE: JUST DON'T LIST THE KEY FINDINGS ALSO CRITICALLY ANALYZE EACH FINDINGS BY WRITING SOME SUPPORTIVE SENTENCES/ARGUMENTS FOR EACH POINT.A popular measure of a country’s “openness” to international trade is an index computed as the sum of the country’s exports and imports divided by its GDP. Calculate and graph the openness index for the United States using quarterly data since 1947. What has been the postwar trend? Can you think of any factors that might help explain this trend? (Hint: Be careful with the data, as some databases record imports with a negative sign and then add them to exports to get net exports. If that is the case with your data, take the absolute value of imports before adding it to exports, because we are interested in the total volume of trade, not the balance of trade.)
- The exports of Uruguay, a developing country, are made essentially of primary commodities. A comparison between export prices received by Uruguay and the price paid for its imports shows the following: on average export prices rose 40% between 2000 and 2010, while import prices went up by 150%. Index quantities exported by the country were Qx = 15 (in 2000), and Qx = 30 (in 2010). Uruguay’s income terms of trade (ITT) in 2000, was: Group of answer choices 100. 1,680. 2,000. 250. 1,500.(Balance of Payments) The following are hypotheticaldata for the U.S. balance of payments. Use the data tocalculate each of the following:a. Merchandise trade balanceb. Balance on goods and servicesc. Balance on current accountd. Financial account balancee. Statistical discrepancyBillions of DollarsMerchandise exports 350.0Merchandise imports 2,425.0Service exports 2,145Service imports 170Net income and net transfers 221.5Change in U.S.-owned assets abroad 245.0Change in foreign-owned assets in theUnited States100.01.3 Using the gravity model calculate the value of trade between country I and J. You can assume: a=b=0.9, c=0.8 and A=0.5The GDP for country I is triple the GDP of country J. Country J GDP is equal to the product of the trading value of all developed countries listed in the given table. The distance between these countries is 28 km.
- Demographic changes and international trade Demography is the study of the structure of human populations – their size, agecomposition, gender mix, growth and so on. Changes in the population, age and gendermix of the world’s major economies suggests that major changes are predicted for theworld economy. Owing to better health care, education and hygiene, major world economies now face thechallenge of an ageing population (increase in the number of people aged 60 years andabove). The population of major economic powers like USA, Germany, South Korea andJapan are predicted to get smaller and older over the next few years. According to theorganization for Economic Cooperation and Development (OECD), the old-agedependency ration will rise dramatically over the next few years. The old-age dependencyratio is the ratio of the number of people aged 65 and above to the number of peoplebetween the ages of 20 and 64. The implications of these demographic changes for countries and companies are…Demographic changes and international trade Demography is the study of the structure of human populations – their size, agecomposition, gender mix, growth and so on. Changes in the population, age and gendermix of the world’s major economies suggests that major changes are predicted for theworld economy. Owing to better health care, education and hygiene, major world economies now face thechallenge of an ageing population (increase in the number of people aged 60 years andabove). The population of major economic powers like USA, Germany, South Korea andJapan are predicted to get smaller and older over the next few years. According to theorganization for Economic Cooperation and Development (OECD), the old-agedependency ration will rise dramatically over the next few years. The old-age dependencyratio is the ratio of the number of people aged 65 and above to the number of peoplebetween the ages of 20 and 64. The implications of these demographic changes for countries and companies are…what is the grubel lloyd index that is used to measure the level of intra indysty trade? country A exports $6 billion of perfumes,and the imports of perfume in country B is equal to the value of $2 billion
- how can countries attain/account for trade equilibria when involved in trade transactions?The most recent trade data can be found on the BEA site. (Links to an external site.) It shows that since the beginning of the pandemic, the U.S. trade deficit has increased decreased stayed about the sameWhat are the principal imports, principal exports, gross national product, chief of state, major cities and population, principal agricultural crop, and major companies in the country of Brazil,10 years prior to the current available data? Which US company do you recommend to enter Brazil's market and why?