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1. Have you had a chance to explore the WITS TradStat Database? It's a fantastic resource for trade-related data. Visit the database at https://wits.worldbank.org/countrystats.aspx?lang=en, and
1. Have you had a chance to explore the WITS TradStat Database? It's a fantastic resource for trade-related data. Visit the database at https://wits.worldbank.org/countrystats.aspx?lang=en, and take a look around. a. Pick a country that interests you and gather data on ten of its trade partners, including their export and import volume with the chosen country, and their GDP. b. Once you have collected this information, calculate (i) each trading partner's GDP as a share of the total GDP of the ten partners; (ii) each trading partner's trade volume (export plus import) with the chosen country as a share of the total trading volume of the ten partners with the chosen country. c. Plot the ten partners' GDP share and trade share on a graph. This will give you a visual representation of the relationship between the ten partners'sizes and their trading volumes with the chosen country. Describe your findings based on the graph
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