Question 110 pts

Answer the following questions using the BEA Tables for US International Trade in Goods and ServicesLinks to an external site..

Scroll down to the "U.S. Trade in Goods and Services, 1960-present" and download those spreadsheets. Using annual data from Table 1:

Calculate the growth rate in U.S. exports over the last five years. Report your answer rounded to the nearest tenth. %

Calculate the growth rate in U.S. imports over the last five years. Report your answer rounded to the nearest tenth. %

Flag question: Question 2Question 210 pts

Return to theBEA Tables for US International Trade in Goods and Services. Scroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present" and download those spreadsheets.

Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2021?

Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2017?

Flag question: Question 3Question 310 pts

Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2021?

Using Table 2 from "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present," from which three nations (not areas or regions did the U.S. import the highest dollar value of goods and services in 2017?

Flag question: Question 4Question 410 pts

In a few sentences, summarize your conclusions from the data analyzed on U.S. imports and exports over the last five years. Explain how the data reflect the economic principles you have learned.