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    Question

    Given: • Exports (X) = 300 • Imports

    (M) = 200 Calculate the Intra-Industry Trade (IIT) Index, also known as the Grubel-Lloyd Index.
    A 0.25 Correct Answer Incorrect Answer
    B 0.80 Correct Answer Incorrect Answer
    C 0.60 Correct Answer Incorrect Answer
    D 0.50 Correct Answer Incorrect Answer

    Solution

    The Grubel-Lloyd Index (IIT) is calculated as: 1−(∣X−M∣/ X+M ).  Given Exports (X) = 300 and Imports (M) = 200:  IIT = 1−(∣300−200∣/300+200)  IIT = 1−(100/500)  IIT = 1−0.2  IIT = 0.80 

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