Read each question thoroughly before you answer, and pay close attention to any
Read each question thoroughly before you answer, and pay close attention to any specific instructions relevant to each question.
NOTE: For numerical responses, round to the nearest tenth. For example, 4.67 rounds to 4.7 and 3.28 rounds to 3.3. Your answer to the final question should include grammatically correct and complete sentences.
Question 1
Answer the following questions using the BEA Tables for US International Trade in 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. 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. %
Question 2
Return to the BEA Tables for US International Trade in Goods and Services. Scroll down to “U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 – Present” and download those spreadsheets.
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?
Question 3
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?
Question 4
In a few sentences, summarize your conclusions from the data analyzed on U.S. imports and exports over the last five years. Explain how the data reflect the economic principles you have learned.