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The import volume of food is $10 billion and export volume of food is $9 billion. The import volume of rice is $5 million and
The import volume of food is $10 billion and export volume of food is $9 billion. The import volume of rice is $5 million and export volume of rice is $1 million. a) Calculate the Grubel-Lloyd (IIT) index for food. Calculate the IIT index for rice. b) Why is the IIT for rice smaller than the IIT index for food
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