Part II. Short Answer 3. Intra-Industry Trade Index Suppose that country A has only three categories of traded goods and that A's exports and imports in the three categories are as shown in the table below good X good Y good Z Exports and Imports of Intra-Industry Trade $33 $56 $100 exports $44 $39 $11 imports
Part II. Short Answer 3. Intra-Industry Trade Index Suppose that country A has only three categories of traded goods and that A's exports and imports in the three categories are as shown in the table below good X good Y good Z Exports and Imports of Intra-Industry Trade $33 $56 $100 exports $44 $39 $11 imports
Chapter1: Making Economics Decisions
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![Part II. Short Answer
3. Intra-Industry Trade Index
Suppose that country A has only three categories of traded goods and that A's exports and imports in
the three categories are as shown in the table below
good X
good Y
good Z
total
Exports and Imports of Intra-Industry Trade
$33
$56
$100
exports
$33+56+100
$44
$39
$11
$44+39+11
imports
Calculate country A's Intra-Industry trade index (the Grubel-Lloyt index) and put your answer in the
box below.
(Keep your answer in percentage with 2 decimals. For example, If you got 15.26%, fill in 15.26 in the
box below. Do NOT use 0.1526.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d54f626-117f-485b-ace3-614c0a62ac17%2Fdcd8ad45-69bb-429e-8fd3-7480bde06fe5%2Ftnzsmze_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Part II. Short Answer
3. Intra-Industry Trade Index
Suppose that country A has only three categories of traded goods and that A's exports and imports in
the three categories are as shown in the table below
good X
good Y
good Z
total
Exports and Imports of Intra-Industry Trade
$33
$56
$100
exports
$33+56+100
$44
$39
$11
$44+39+11
imports
Calculate country A's Intra-Industry trade index (the Grubel-Lloyt index) and put your answer in the
box below.
(Keep your answer in percentage with 2 decimals. For example, If you got 15.26%, fill in 15.26 in the
box below. Do NOT use 0.1526.)
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