1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. Complete the table by calculating the surplus or deficit both in dollar terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. Year 1997 1998 1999 2000 2001 GDP (Billions of dollars) 8,332.0 8,794.0 9,354.0 9,952.0 10,286.0 Exports Imports (Billions of dollars) (Billions of dollars) 954.4 1,055.8 953.9 1,115.7 1,251.4 1,475.3 1,398.7 Between 1997 and 1998, the 989.3 1,093.2 1,027.7 Exports - Imports (Percentage of GDP) (Billions of dollars) Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified September 2011, accessed June 10, 2013, https://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. in dollar terms and as a percentage of GDP.

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. Complete the table by calculating the surplus or deficit both in dollar terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. Year 1997 1998 1999 2000 2001 GDP (Billions of dollars) 8,332.0 8,794.0 9,354.0 9,952.0 10,286.0 Exports Imports (Billions of dollars) (Billions of dollars) 954.4 1,055.8 953.9 1,115.7 1,251.4 1,475.3 1,398.7 Between 1997 and 1998, the 989.3 1,093.2 1,027.7 Exports - Imports (Percentage of GDP) (Billions of dollars) Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified September 2011, accessed June 10, 2013, https://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. in dollar terms and as a percentage of GDP.

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1. Imports, exports, and the trade balance
The following table shows the approximate value of exports and imports for the United States from 1997 through 2001.
Complete the table by calculating the surplus or deficit both in dollar terms and as a percentage of GDP. If necessary, round your answers to the
nearest hundredth.
GDP
Year (Billions of dollars)
1997
1998
1999
2000
2001
8,332.0
8,794.0
9,354.0
9,952.0
10,286.0
Exports
Imports
(Billions of dollars) (Billions of dollars)
954.4
1,055.8
953.9
1,115.7
1,251.4
1,475.3
1,398.7
Between 1997 and 1998, the
989.3
1,093.2
1,027.7
Exports - Imports
(Percentage of GDP)
(Billions of dollars)
Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified
September 2011, accessed June 10, 2013, https://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html.
in dollar terms and
as a percentage of GDP.

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