Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

bottom choices are surplus/deficit, grew/shrank/remained the same and the same 3 choices for the last blank 1. Imports, exports, and the trade balance The following

bottom choices are surplus/deficit, grew/shrank/remained the same and the same 3 choices for the last blank

image text in transcribed
1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 2006 ifrough 2010 Complete the table by calculating the surplus or defial both in dollar terms and as a percentage of GOD, Ifnecessary, Found your answers to the nearest hundredth. GDP Exports Imports Exports Imports Year (Billions of dollars) ( Billions of dollars) (Billions of dollars) | (Billions of dollars) (Percentage of GDP) 2006 13,394.0 1,4/1.0 2,240.3 2007 14,062 0 1,661.7 2,375.7 2008 14,369.0 1,843.4 2,553, H 2009 14,119.0 1,5/H.4 1,964-7 2010 14,660.0 1,837.5 2,353.9 Source: "Income, Expenditures, Poverty, & Wealth: Grozs Dornestic Product (GDP), United States Census B cha tment of Commerce, last modified September 2011, accrazed June 10, 7013, https://www.census. gov//brary/publications/201 1/compendla/sta Is-poverty wealth.html. Between 2007 and 2008, the in dollar terms and as a percentage of GIp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Human Resource Management Text And Cases

Authors: Tom Redman, Adrian Wilkinson

4th Edition

0273757822, 9780273757825

Students also viewed these Economics questions