The US exported over $67 billion in goods to Japan 2017, and imported over $136 billion from Japan with an exchange rate of $1=110 Yen. Suppose that in 2018 the exchange rate changes and $1=105 Yen, but that in 2019 it changes again so that $1=120 YEN. Explain the impact that these changes would have in each year to the balance of trade and why.
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