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Please show how to use trade in dollars to compute respective weights Question 1 (5 points) Country Canada Mexico China Japan Trade in dollars $

Please show how to "use trade in dollars to compute respective weights"

Question 1 (5 points) Country Canada Mexico China Japan Trade in dollars $ 25 $ 20 $ 15 $ 10 $ per FX 0.0756 0.9225 0.0105 0.1464 Based on the table above, the effective (multi-lateral) exchange rate for the United States is: (use trade in dollars to compute respective weights) $ 0.3137 $ 0.2638 $ 3.7913 $ 0.1846

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