The Observatory of Economic Complexity (OEC) is a data visualization that models international trade data among countries.

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The Observatory of Economic Complexity (OEC) is a data visualization that models international trade data among countries. Go to the website at atlas.media.mit.edu to answer the following questions.

a. Start by selecting “Countries” and enter “Canada” in the search bar. In 2014, what was the largest exported good (in dollars) for Canada? What was the value of exports for “Wheat”? What was the largest imported good for Canada?

b. Repeat the steps above for Brazil. In 2014, what was the largest exported good for Brazil? What was the value of exports for “Wheat”? What was the largest imported good for Brazil?

c. On the left sidebar, click on the link “Explore on Visualization Page.” On the new page, in the left sidebar select “Exports,” under “Country” select “Brazil,” under “Partner” select “Canada,” and then “Build Visualization.” What is the total value of Brazilian exports to Canada? What is Brazil’s largest exported good (in dollars) compared to Canada? What type of goods does Brazil generally export to Canada? What is the value of exports related to “Planes, Helicopters, and/or Spacecraft?”

d. Now repeat the steps from part c for exports from Canada to Brazil. Change “Country” to “Canada,” change “Partner” to “Brazil,” and select “Build Visualization.” What is the total value of exports from Canada to Brazil? What is Canada’s largest export (in dollars) to Brazil? What types of goods does Canada export to Brazil? What is the value of exports related to “Planes, Helicopters, and/or Spacecraft”?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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