Question
Year Trade Openness GDP Growth 2000 25.10439274 6.4351% 2001 22.94661729 3.2287% 2002 22.29335591 3.2809% 2003 22.63612954 4.8251% 2004 24.45843188 6.6403% 2005 25.66651535 6.7282% 2006 26.99297055
| Year | Trade Openness | GDP Growth |
|---|---|---|
| 2000 | 25.10439274 | 6.4351% |
| 2001 | 22.94661729 | 3.2287% |
| 2002 | 22.29335591 | 3.2809% |
| 2003 | 22.63612954 | 4.8251% |
| 2004 | 24.45843188 | 6.6403% |
| 2005 | 25.66651535 | 6.7282% |
| 2006 | 26.99297055 | 5.9542% |
| 2007 | 28.02278319 | 4.7674% |
| 2008 | 29.87980287 | 2.0425% |
| 2009 | 24.75415096 | -1.9756% |
| 2010 | 28.14701438 | 3.9432% |
| 2011 | 30.75998566 | 3.6598% |
| 2012 | 30.51929621 | 4.1939% |
| 2013 | 29.92189739 | 3.6251% |
| 2014 | 29.96548383 | 4.2005% |
| 2015 | 27.79690744 | 3.7340% |
| 2016 | 26.56060664 | 2.6864% |
| 2017 | 27.20882293 | 4.1841% |
| 2018 | 27.56467345 | 5.4203% |
| 2019 | 26.34110576 | 4.1295% |
| 2020 | 23.38376117 | -1.4990% |
| 2021 | 25.48140058 | 10.7054% |
| 2022 | 27.23333725 | 9.2054% |
Provide brief explanations about the relationship between Trade Openness and GDP Growth in the USA for 2000-2022.
Address the following questions as part of your report:
1. Did the relationship change over the year?
2. Do you think trade openness positively affects GDP growth or vice versa? Why? Explain?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
