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Here are data on Japanese exports and imports, for 2012, for the same seven products shown for U.S. trade in Figure 2:
a. For each product for Japan, calculate the IIT share.
b. The weighted average of IIT shares for these seven products for 2012 for the United States (using the data from Figure 6.2) is 63.1 percent. For Japan for these seven products for 2012, what is the weighted average of the IIT shares? Which country has relatively more IIT in these seven products?
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