Macroecenomics Assignment Example | Topics and Well Written Essays - 500 words

Macroecenomics - Assignment Example The graph below shows some variations in the level of exports and imports made by the UK for the period of 1993 to 1998. The same trade and production pattern is observed when it comes to France, though both import and export levels for France are lower as compared to the UK. The major products exported by France are planes, helicopters, and spacecraft and vehicle parts. The major products imported by France are rude petroleum, refined petroleum and packed medicaments. The graph below shows the variations in the levels of imports and exports produced by France between the periods of 1985 to 2005. The same case of an increase in both level of exports and imports have been experienced in USA since 1973. This is due to the general increase in the level of demand as well as the GDP, increase in the level of imports so as to sustain the industrial growth and demand. Some of the major products exported by the Unites States are cars, refined petroleum and gas turbines while imports include cars, computers and broadcasting equipments. The graph below shows the variations of the sea foods imports and exports produced by the United States between the periods of 1997 and 2007. Between the periods of the year 1975 to 2013, the United States of America have an average GDP of $ 6145.56 billion. Since then it has had an average exports products of $1769.76 billion and imports products of $117.6 billion. We have observed a lower degree in the openness of the USA with respect to the United Kingdom and France since it some peculiar commercial policies. Unlike in the UK and France, the total amount US’s GDP is contributed less by its imports and exports. This lowers its market degree of openness as compared to the others. The inflation rate between 2013 and 2014 will be given by the slope of my graph, it will be given by: (2.4-2.2)/ (3.5-3.6)=0.2/-0.1=-0.2, meaning that in this