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In: Economics

The following table shows the approximate value of exports and imports for the United States from 1983 through 1987.


Imports, exports, and the trade balance 

The following table shows the approximate value of exports and imports for the United States from 1983 through 1987. 

Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GOP. If necessary, round your answers to the nearest hundredth. 

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Between 1984 and 1985, the _______  _______ In dollar terms and _______ as a percentage of GOR.

Solutions

Expert Solution

YearGDPExportsImportsExports - Imports% of GDP
       1,983   3,535.0      277.0      328.6                        -51.6-1.46%
       1,984   3,931.0      302.4      405.1                     -102.7-2.61%
       1,985   4,218.0      302.0      417.2                     -115.2-2.73%
       1,986   4,460.0      320.3      452.9                     -132.6-2.97%
       1,987   4,736.0      363.8      508.7                     -144.9-3.06%


Rahul Sunny answered 2 years ago
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