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openyourmind
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Posted on 11-21-07 9:33
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I am trying to figure out how to calculate the trade-weighted index of foreign real GNP for the US in relation to Japan, Mexico and the Phillipines.
Any thoughts? Your help is greatly appreciated. Thanks!
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xantun
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Posted on 11-21-07 10:41
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Supply and demand. Thats the only thing economics brings to my mind.
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bibas100
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Posted on 11-23-07 11:54
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I guess you are trying to find out the foreign income in order to assess the export demand from those countries. If this is so, you should look at the trade % of USA with those countries. Then you can multiply that with the GNP of those countries to come up with a number that could be a representative for the foreign income which then determines the total export demand for the united states. You got to think about the trade -weight here because even if a country has higher income, its importance to USA could be less if the demand for USA manufactured goods is less in that country.
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