Question: Answer the following questions using the BEA Tables for US International Trade in Goods and Services (Links to an external site.): https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services A. Scroll down

Answer the following questions using the BEA Tables for US International Trade in Goods and Services (Links to an external site.): https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services

A. Scroll down to U.S. Trade in Goods and Services, 1960-present to download these spreadsheets. Using annual data in Table 1: 1. Calculate the growth rate in U.S. exports over the last five years. 2. Calculate the growth rate in imports into the U.S. over the last five years. B. Return to 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 to download those spreadsheets. 1. 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? 2. Using Table 1, to which three nations (not areas or regions) did the U.S. export the higher dollar value of goods and services in 2017? 3. Using Table 2, from which three nations (not areas or regions) did the U.S. import the highest dollar value of goods and services in 2021? 4. Using Table 2, from which three nations (not areas or regions) did the U.S. import the highest dollar value of goods and services in 2017? C. In a few sentences summarize your conclusions from the data analyzed on U.S. imports and exports over the last five years and explain how the data reflect the economic concepts you have learned.

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