I have an example question, along with an answer, however, I can't seem to get the same answer.
Here is the question:
Country of origin: Amount Exported:Exported to:
Country 1 $45 Country 2
Country 1 $55 Country 3
Country 2 $35 Country 1
Country 2 $25 Country 3
Country 3 $45 Country 1
Country 3 $15 Country 2
Refer to Table 1 to answer the following question: Suppose that Country 1 and Country 2 together constitute a regional trade bloc known as the United Trade Area. What is the trade concentration ratio of this trade bloc?
A) 0.7822
B) 0.6818
C) 0.5999
D) 0.5333
E) 0.2917
The "correct" answer is A. But no matter how many times I redo it, I get B. Can someone give me the correct steps?
Here is the question:
Country of origin: Amount Exported:Exported to:
Country 1 $45 Country 2
Country 1 $55 Country 3
Country 2 $35 Country 1
Country 2 $25 Country 3
Country 3 $45 Country 1
Country 3 $15 Country 2
Refer to Table 1 to answer the following question: Suppose that Country 1 and Country 2 together constitute a regional trade bloc known as the United Trade Area. What is the trade concentration ratio of this trade bloc?
A) 0.7822
B) 0.6818
C) 0.5999
D) 0.5333
E) 0.2917
The "correct" answer is A. But no matter how many times I redo it, I get B. Can someone give me the correct steps?