Let's think of a country A engaged in trade in a two-good world of Widget (W) and Gadget (G) with the following production and consumption information.

2000 2010 2020 ___________________________________________

Production of widget 100 120 140

Production of gadget 60 66 86

Consumption of widget 80 92 110

Consumption of gadget 70 80 101

______________________________________________

Notes: Numbers represents number of units of a good.

1) What does country A exports and imports in 2000 and how much?

Country A exports units of

and imports units of .

Notes: Provide Arabic numbers and the name of a good as answer.

2) What does country A exports and imports in 2010 and how much?

Country A exports units of

and imports units of .

Notes: Provide Arabic numbers and the name of a good as answer.

3) What does country A exports and imports in 2010 and how much?

Country A exports units of

and imports units of .

Notes: Provide Arabic numbers and the name of a good as answer.

4) What kind of growth did Country A experience in production between 2000 and 2010?

Country A experienced growth.

Notes: Provide its growth characteristics without article.

5) What kind of growth did Country A experience in production between 2010 and 2020?

Country A experienced growth.

Notes: Provide its growth characteristics without article.

6) What kind of change did Country A experience in consumption between 2000 and 2010?

Country A experienced consumption change.

Notes: Provide its change characteristics without article.

7) What kind of change did Country A experience in consumption between 2010 and 2020?

Country A experienced consumption change.

Notes: Provide its change characteristics without article.

8) What is the terms of trade of Country A in 2000?

Country A's terms of trade is .

Notes: Write your answer in fraction.

9) What is the terms of trade of Country A in 2010?

Country A's terms of trade is .

Notes: Write your answer in fraction.

10) What is the terms of trade of Country A in 2020?

Country A's terms of trade is .

Notes: Write your answer in fraction.

11) What happened to this country's welfare between 2010 and 2020.

Country A's welfare .

Notes: Provide its growth characteristics.