1. Calculate (Real Exports of Goods and Services) + (Real Imports of Goods and Services) and then make this total a percentage of GDP.  Call this measure GlobalComponentGDP.   If you do this correctly the first 2 values in 1947 will equal 7.8% and 7.8% (with rounding by EXCEL).  
   1. a. Why this percentage may be as a measure of the importance in the US of the Global Economy.  
   2. b. Fill in the table below showing average GDP and average GlobalComponentGDP for the indicated years.  

Time Period	Average GDP	Average GlobalComponentGDP
1947 – 1949
1950 - 1959
1960 - 1969-
1970 – 1979
1980 - 1989
1990 – 1999
2000 – 2009
2010 – 2019
2020 Q1
2020Q2
For each year beginning a time period uses Jan 1 of that year.  If a year marks the end of a time period, use the appropriate December value.

c. Provide a descriptive narrative of the information in the table, is the US becoming more or less “globalized” over that time period?

Answer rating: 100% (QA)

Question a Solution Net Exports Exports Imports 2843 3312 469 Conclusion Net Ex... View the full answer