Answer the following questions using the BEA Tables for US InternationalTrade in Goods and Services B.Scroll down to the "U.S. Trade in Goods and Services, 1960-present" anddownload those spreadsheets. Using annual data from Table 1:Calculate the growth rate in U.S. exports over the last five years. Report youranswer rounded to the nearest tenth.%Calculate the growth rate in U.S. imports over the last five years. Report youranswer rounded to the nearest tenth.% beaData ▾Tools ▾ News ▾ Research ▾February 2023January 2023U.S. International Trade in Goods and Services, February 2023ResourcesCurrent Release: April 5, 2023About -Current ReleaseThe U.S. monthly international trade deficit increased in February 2023 according tothe U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficitincreased from $68.7 billion in January (revised) to $70.5 billion in February, asexports decreased more than imports. The goods deficit increased $2.7 billion inFebruary to $93.0 billion. The services surplus increased $0.8 billion in February to$22.4 billion.-$70.5 B-$68.7 BNext release: May 4, 2023Help ▾Billion $11510595857565550Feb 2021Goods and Services Trade DeficitSeasonally adjustedMonthly deficitU.S. Bureau of Economic AnalysisU.S. Census BureauSearchFeb 2022Three-monthmoving averageFeb 2023U.S. International Trade in Goods and ServicesApril 5, 2023C

Formula for the CAGR is given as: CAGR = (Final Value / beginning value)1/years - 1

Answer the following questions using the BEA Tables for US International Trade in Goods and Services >. 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. %

Answer the following questions using the BEA Tables for US International Trade in Goods and Services >. 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. %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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