Scroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present" and download those spreadsheets. https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2021? Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2017?

Scroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present" and download those spreadsheets. https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2021? Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2017?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter20: The Global Economy

Section: Chapter Questions

Problem 10AA

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https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2021? Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2017?
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. %
Economics Look at the following table comparing U.S. imports from several countries to capital/labor ratio in these countries. Suppose that the capital/labor ratio is 2.5 % in the U.S.. The evidence in the table supports the New Theory of Trade more than the Neoclossical Trade Theory. [Base your answer on the information in the table only] Canada Japan India France Hong Kong Capital/Labor (%) U.S. Imports (Million USD) 100 5.5 2.4 3 3.6 7 20 25 55 150 Agree Disagree
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a. Suppose that the international relative price of cloth goes up. How will this affect the trade line and optimal level of consumption in the cloth exporting country? How would this impact the production in the exporting country? Show on the graph and explain (don’t worry about numbers). b. Is this change in the international relative price an improvement or deterioration in the terms of trade of the rest of the world? According to your graph, does the rest of the world gain or lose well-being? Explain!
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