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For the US industries below, (a) Calculate the IIT index, and classify the industry as experiencing either Intra-Industry or Inter-Industry Trade. (b) Sort the industries

For the US industries below,

(a) Calculate the IIT index, and classify the industry as experiencing either Intra-Industry or Inter-Industry Trade.

(b) Sort the industries from least to most IIT-oriented

Please do feel free to do this on a spreadsheet by copying the data table below into Excel and pasting a finished table back into your answer.

$ millions

Description

exports, 2016

imports, 2016

Artwork, antiques, stamps, etc.

10,537

10,778

Footwear

0

17,070

Glassware, china

337

2,244

Industrial engines

22,773

20,420

Telecommunications equipment

37,760

65,182

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a The IntraIndustry Trade IIT Index is calculated below IntraIndustry T... blur-text-image

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