How does the imports and exports of the 1970s relate to other economic outcomes such as the GDP,foreign exchange rates? Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP,
foreign exchange rates, and so on?
b) Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States.