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The following link leads you to the World Development Indicators which you need for the data questions: Please generate your data graphs such that the lines are distinguishable when being printed in black and white. You should also try to combine and present the data such that they allow an easy comparison for the question at hand. Model related graphs can be drawn by hand, scanned and then embedded in your solution document. Label all axises and lines carefully, explain the underlying assumptions, and what you are doing and why you are doing it (if applicable). International Trade Data Exercise 1. (a) Plot tariffs for the US and China during 1992-2018. As the data source, use the World Development Indicators (WDI) on: • Tari_ rate, applied, simple mean, all products (%)” • If there are missing observations, interpolate by using the average tari_s over the previous and the following year. Comment on what you see. (b) Plot imports and exports in the US and China during 1992-2018 as a fraction of GDP. As the data source, use the World Development Indicators (WDI) on: • Exports of goods and services (% of GDP) • Imports of goods and services (% of GDP) Comment on what you see. The Economist Articles 2. Read the following articles from the The Economist. Provide for each article a short summary in your own words and discuss how the article relates to the class material. (a) Africa’s beef with America”, 02/29/2020 (b) Changing places”, 10/10/2020 (c) Working to rule”, 10/10/2020 (d) Tari_ man”, 10/24/2020


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