Question: 5. (24) Use the tables below to answer the questions that follow. China's Macroeconomic Indicators (in Billions of US Dollars) Foreign Direct Year GDP Gross

5. (24) Use the tables below to answer the questions that follow. China's Macroeconomic Indicators (in Billions of US Dollars) Foreign Direct Year GDP Gross National Portfolio Exports Imports Investment Savings Investment 2009 765 -5 2,269 1,060 649 5 2006 973 -5 2,730 1,367 783 68 2007 1,231 -10 3,523 1,771 949 16 2008 1,449 -7 4,558 2,363 1,146 -35 2009 1,201 -6 5,059 2,627 1,030 27 2010 1,581 -6 6,040 3,056 1,581 -24 2011 1,907 -3 7,492 3,644 1,827 -20 2012 2,049 - B 8,462 4,219 1,943 .48 2013 2,213 -9 9,491 4,698 2,120 53 2014 2,342 -10 10,355 5,106 2,192 -82 Source: World Development Indicators United States: Macroeconomic Indicators (in Billions of US Dollars) Year Exports Foreign Direct GDP Gross National Portfolio Imports Investment Savings Investment 2005 1,309 -76 13,094 2.349 2,000 -565 2006 1,476 2 13,856 2,659 2,219 633 2007 1,665 195 14,478 2,512 2,359 -776 2008 1,842 19 14,719 2,281 2,550 808 2009 1,588 160 14,419 2,082 1,967 19 2010 1,852 95 14,964 2,272 2,348 521 2011 2,106 183 15,518 2,450 2,676 226 2012 2,198 146 16,163 2,868 2,756 508 2013 2,263 112 16,768 2.949 2,758 26 2014 2,342 225 17,419 3,211 2,852 -167 Source: World Development Indicators a. Calculate the openness index for China in 2005, 2010, and 2014. b. Calculate the openness index for the US in 2005, 2010, and 2014. C. Based on these values, what can we conclude about how globalized the US and China have become during the 2005-2014. Briefly discuss

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