Business, 17.03.2020 04:15 luke3416

EMPIRICAL PART: Find data on the total value of imports and exports of the US with China. Assume that the Renminbi appreciates 10% against the USD from its current value overnight. What will be the volume (qualitative answer expected) and the value effect (quantitative answer expected) in the US current account overnight (for value effect) and over 2 years time (for volume effect)? IFF US net importer of T-Shirts from China and a net exporter of Passenger Aircraft to China, assuming that there are 340mln consumers of T-Shirts per year sold in the US before the appreciation selling for 10 dollars each and the elasticity of demand is 1, whereas US exports 30 Passenger Aircrafts per year sold at 100mln USD but the elasticity of demand for Aircraft is 2, which effect will dominate?

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EMPIRICAL PART: Find data on the total value of imports and exports of the US with China. Assume tha...

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