1. An introduction to International Trade
Due by February 12, 2017, 1 PM (13:00)
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1. In 2015 the GDP of Armland was $10bn. Exports and Imports were respectively $2bn and $4bn. What was the Trade Openness Index in Armland?
5 points
2. Which of the following questions are studied by International Trade? Select all that apply.
5 points
3. Gross National Income is always bigger than Gross Domestic Product.
5 points
4. GNI is equal to GDP plus Primary Incomes received from abroad minus Primary Incomes paid abroad.
5 points
5. In 2015 Armland's GDP was $10bn. Armland received $3bn primary incomes from abroad, and paid $2bn primary incomes abroad. What was Armland's GNI in 2015.
5 points
6. In 2016 Armland's GDP was $11bn. Armland received $1bn primary incomes from abroad, and paid $2bn primary incomes abroad. What was Armland's GNI in 2016.
5 points
7. In 2014 Armland's GDP was $9bn. Armland received $1bn primary incomes from abroad, and paid $1bn primary incomes abroad. What was Armland's GNI in 2014.
5 points
8. According to the World Bank what was the world GDP in 2015? http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
5 points
9. According to the World Bank what was the GDP in Armenia in 2015? http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
5 points
10. According to the World Bank what was the GDP in the United States in 2015? http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
5 points
11. According to the World Bank what was the Merchandise exports in the World in 2015? http://data.worldbank.org/indicator/TX.VAL.MRCH.CD.WT
5 points
12. According to the World Bank what was the Merchandise exports in Armenia in 2015? http://data.worldbank.org/indicator/TX.VAL.MRCH.CD.WT
5 points
13. According to the World Bank what was the Merchandise exports in the United States in 2015? http://data.worldbank.org/indicator/TX.VAL.MRCH.CD.WT
5 points
14. According to the World Bank what was average Openness to Merchandise Trade in Armenia in 2010-12? http://wits.worldbank.org/openness-to-trade-visualization.html
5 points
15. According to the World Bank average Openness to Merchandise Trade in the United States in 2010-12 was 23.2%. What was average Openness to Merchandise Trade in China in 2010-12? http://wits.worldbank.org/openness-to-trade-visualization.html
5 points
5 points
17. There is a widely held belief that coffee is the second largest traded product. But that is a misconception, and the value of traded coffee is far smaller. What was the share and value of coffee in world trade in 2014? http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/wld/all/show/2014/
5 points
18. The world spends more on imported textiles than on imported foodstuffs. All and all people prefer dressing to eating. What were the total amounts of exports of foodstuffs and textiles in the world in 2014? http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/wld/all/show/2014/
5 points
19. Wine was the most traded product among foodstuffs in 2014. Its share was 6.2% in total foodstuffs trade. Which of the following products had more than 5% share in total foodstuffs trade in 2014? http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/wld/all/show/2014/
5 points
20. Total amount of animal and vegetable bi-products trade was $108 bn in 2014. Which one of the following products had the biggest share in animal and vegetable bi-products trade in 2014? http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/wld/all/show/2014/
5 points
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