a) Compute the ratio of exports to imports for the total and for eachcategory of goods listed in the table. Add the ratios to the table (you can edit thetable by clicking on it. If by any chance this does not work for you, make yourown table and insert it here) From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use CategoryChained (2012) DollarsPeriodEnd-Use Commodity CategoryAutomotiveFoods, Feeds, Industrial CapitalSuppliesVehiclesConsumerOtherTotal Census Basis& BeveragesGoodsetc.GoodsGoodsExports2019Jan. - Dec.1,781,964155,738636,909549,459159,987218,34371,187Imports2019Jan. - Dec.2,781,594140,312711,344732,946393,146659,419122,239Exports/Imports2019Jan. - Dec.In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the tableare subject to periodic change, reflecting revisions to the source information for the monthly deflators.

Export to import ratio: Export/import When Exports exceed imports, the ratio is greater than 1.…

From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category Chained (2012) Dollars Period End-Use Commodity Category Automotive Foods, Feeds, Industrial Capital & Beverages Vehicles Consumer Other Total Census Basis Supplies Goods etc. Goods Goods Exports 2019 Jan. - Dec. 1,781,964 155,738 636,909 | 549,459 159,987 218,343 71,187 Imports 2019 Jan. - Dec. 2,781,594 140,312 711,344| 732,946 393,146 659,419 122,239 Exports/Imports 2019 Jan. - Dec. In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the table are subject to periodic change, reflecting revisions to the source information for the monthly deflators.

From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category Chained (2012) Dollars Period End-Use Commodity Category Automotive Foods, Feeds, Industrial Capital & Beverages Vehicles Consumer Other Total Census Basis Supplies Goods etc. Goods Goods Exports 2019 Jan. - Dec. 1,781,964 155,738 636,909 | 549,459 159,987 218,343 71,187 Imports 2019 Jan. - Dec. 2,781,594 140,312 711,344| 732,946 393,146 659,419 122,239 Exports/Imports 2019 Jan. - Dec. In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the table are subject to periodic change, reflecting revisions to the source information for the monthly deflators.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 6SCQ: Table 33.15 shows how the average costs of production for semiconductors (the chips In computer...

See similar textbooks

Similar questions

The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users ofthe final output. The agriculture sector produces maize worth K16000 and milk worth K16000.Maize worth K4000 as well as milk worth K6000 is sold to consumers for direct consumption, andmaize worth K12000 and milk worth K10000 is sold to the industry as intermediate inputs in theproduction of mealie meal and butter respectively. The industry uses this maize to produce mealiemeal worth K32000 and uses milk to produce butter worth K18000 which are sold to consumersfor final consumption. In addition, the agriculture sector pays wages worth K20000, rent worthK4000 and earns profit equal to K8000. The industry sector pays wages worth K16000, rent worthK6000 and earns a profit of K6000.a) Calculate GDP for the above economy using the three approaches: product approach, income approach, and expenditure approach. b) Peter was bragging to his wife that his country, Zambia, is doing better than his…
The following diagram shows select information for an economy made up of three industries for a particularly year. i+wtr+p Industry 1 f-40 10 Hwtrtp -0 20 90 30 Industry 2 +f-160 i+wtr+p f-0 Industry 3 m- 100 iminterest, wwages/salaries;r=rent pprofit, m=intermediate inputs, s= maket value of total industry output; f=market value of industry output sold as 'final' products. Note: All values are in billions of doll ars What is the gross domestic product (at factor prices) for this economy? none is correct O $400 billion O $600 billion O $330 billion 24237/take/gustion/200 EX
21. You have the following information acc. exported goods. Please, calculate CIF price for exporter. Provide your calculation Transportation by the main transport (vessel Export Transportation customs within the country cleaning Profit on realization of a Insurance of transportation of freight Import customs consignment of export cleaning freight) goods 350 2000 20000 4000 4300 1900 Costs of production of a consignment of goods (QTY is 60) 1000 Packing, marking 200 a. 490,8 b. 562,5 c. 424,17 d. 90,8
10-. occurs when low- cost producers . the free trade area - high cost .. ..... wwww Please select one; a) shallow integration / outside / is replaced by / producers within the free trade area m b) trade creation /within / replace / domestic producers c) policy harmonisation / within / replace / domestic producers d) deep integration / within / replace / domestic producers e) trade diversion / outside / is replaced by / producers within the free trade area
The tsunamis that hit Japan in 2011 and India and Sri Lanka in 2004 were devastating, and their effects were felt for many years afterward. Natural disasters of this type as well as international events often result in severe disruptions to the supply ofallegations that meat inspectors and politicians had received bribes to overlook improper meat packing practices and allow sales of tainted food. How would the closing of export markets for a country’s beef products together with a fall in domestic sales of beef products and an increase in the domestic equilibrium quantity be reflected in supply-anddemand diagrams of that country’s foreign and domestic markets for beef in the short run?
Price ($/ton) Sus A 350 B 300 E 200 G Dus K 100 10 15 20 Quantity of Sugar (milliontons) A) Using the prior graph if the U.S. did not trade what price would the good cost? If the world price was $200 what quantity would the U.S. produce? What quantity would be imported. What is consumer surplus at the world price? What is producer surplus at the world price? (Using labels do not use math) Who benefits from the free trade and who gets hurt? B) If the U.S. government puts a tariff on the good so now the price is $300 who benefits, who is hurt? What quantity will U.S. producers now produce? What happens to consumer surplus and producer surplus at this new price? What does the government gain from the tariff? C) Who benefits from free trade overall? Who benefits from trade restrictions? Why is a tariff the most used trade restriction?
This is homework question, not for exam. Pls help me with this problem, I will upvote -) As part of the recent trade war, the US imposed additional tariffs on Chinese imports. With the aid of relevant diagrams and examples, discuss the possible impact that the imposition of tariffs and quotas could have on the US economy.
- Principles 1 S121/22 of EconomiCS What is the impact on the labour market due to a decrease in the demand for exports? Select one: labour demand shifts to the right; wage rate increases and level of employment increases O b. labour supply shifts to the right; wage rate decreases and level of employment is higher labour supply shifts to the left; wage rate increases and level of employment is lower Od. labour demand shifts to the left; wage rate decreases and level of employment decreases Nex page our on this page 乙 Type here to search home prt sc F8 64 F5 F4 F3 5.
7 Assignment - ECN204 021 - Introductory Macroeconomics - W2023 Chapter 17 Assignment 1 02:45:27 Mc Graw Hill 0 P+ Tariff QsTariff The domestic supply-and-demand diagram below represents a product in which Canada does not have a comparative advantage. a. What impact do foreign imports have on domestic price and quantity? Imports (Click to select) the domestic price, (Click to select) consumption and (Click to select) domestic production. b. The diagram below shows a protective tariff that eliminates part of the imports that exist at the world price, Pworld- P. world # B a A 0 Revenue Quantity QTariff $domestic Pdomestic Ddomestic ezto.mheducation.com M Question 1- Chapter 17 Assignment - Connect b Success Con 4+1 H
arrow_forward Question Asked Jun 26, 2020 1 views Suppose one thousand (1000) units of product Aare produced by XYZ limited and the quantity demade for the product is two thousand (2000)units .All other things remaining constant,$18 change in price of product A results in change quantity demaded and supplied of 6 and 9 respectively.XYZ limited has a work force of 500 people who Pay income tax of $200 each .Supposed the government introduce a subsidy of $10 on each unit of A produced. Calculate the new equilibrium price and quantity
(2538) NBA MEECHYBABY&N n Global Trade: Tutorial 12.app.edmentum.com/courseware-delivery/ua/49021579/45266906/aHR0cHM6Ly9mMI5hcHAuZWRtZW50dWouY29tL2xlYXJUZXitd Global Trade: Tutorial 2 Question Select the correct answer. What is global trade? O communication between countries Hola O exchange of goods and services between countries O establishment of a subsidiary in a different country O becoming a citizen of a different country Submit PSC Co 01 @ #3 & 2 3 4.
The domestic price of a product is $3 per unit whereas the price of the imported product is $2. The governmen of. OA. specific prohibitive tariff OB. specific revenue tariff OC. ad valorem prohibitive tariff OD. ad valorem revenue tariff Reset Selection