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 “United States” in the search bar. In 2014, what was the largest exported good (in dollars) for the United States? What was the value of exports for “Planes, Helicopters, and/or Spacecraft”? What was the largest imported good for the United States?

b. Repeat the steps above for Brazil. In 2014, what was the largest exported good for Brazil? What was the value of exports for “Planes, Helicopters, and/or Spacecraft”? 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 “United States,” and then “Build Visualization.” What is the total value of Brazilian exports to the United States? What is Brazil’s largest exported good (in dollars) compared to the United States? What type of goods does Brazil generally export to the United States? What is the value of exports related to “Planes, Helicopters, and/or Spacecraft”?

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

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Microeconomics

ISBN: 978-1319098780

5th edition

Authors: Paul Krugman, Robin Wells

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