Macroeconomics
5th Edition
ISBN: 9781319098759
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 5, Problem 13P
To determine
Concept Introduction:
Comparative Advantage: In a trade a country has
Export: It is the amount of good which is demanded by the people of other country and supplied by the domestic country.
Import: It is the amount of good which is demanded by the people domestic country and supplied by the other country.
a. To determine Ranking states from most to fewest in order of exports to China.
To determine
b. To determine the Growth in Export from 2002 to 2012.
Explanation:
| Country | Value of Export in 2002($ billions)(A) | Value of Export in 2012($ billions)(B) | Growth in Export (%)  |
| Japan | 42.1 | 148 | 251.5 |
| South Korea | 25.4 | 132 | 419.6 |
| United states | 23.6 | 115 | 387.3 |
| Other Asia | 34.5 | 114 | 230.4 |
| Germany | 6 | 84 | 1300 |
To determine
c. To determine % of total export ranking states in order of most to least exports to China.
To determine
d. To determine Pattern of trade with China.
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