From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category Chained (2012) Dollars Period End-Use Commodity Category Automotive Foods, Feeds, Industrial Capital & Beverages Vehicles Consumer Other Total Census Basis Supplies Goods etc. Goods Goods Exports 2019 Jan. - Dec. 1,781,964 155,738 636,909 | 549,459 159,987 218,343 71,187 Imports 2019 Jan. - Dec. 2,781,594 140,312 711,344| 732,946 393,146 659,419 122,239 Exports/Imports 2019 Jan. - Dec. In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the table are subject to periodic change, reflecting revisions to the source information for the monthly deflators.
From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category Chained (2012) Dollars Period End-Use Commodity Category Automotive Foods, Feeds, Industrial Capital & Beverages Vehicles Consumer Other Total Census Basis Supplies Goods etc. Goods Goods Exports 2019 Jan. - Dec. 1,781,964 155,738 636,909 | 549,459 159,987 218,343 71,187 Imports 2019 Jan. - Dec. 2,781,594 140,312 711,344| 732,946 393,146 659,419 122,239 Exports/Imports 2019 Jan. - Dec. In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the table are subject to periodic change, reflecting revisions to the source information for the monthly deflators.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
a) Compute the ratio of exports to imports for the total and for each
category of goods listed in the table. Add the ratios to the table (you can edit the
table by clicking on it. If by any chance this does not work for you, make your
own table and insert it here)
Transcribed Image Text:From Exhibit 10 - Real U.S. Trade in Goods by Principal End-Use Category
Chained (2012) Dollars
Period
End-Use Commodity Category
Automotive
Foods, Feeds, Industrial Capital
Supplies
Vehicles
Consumer
Other
Total Census Basis
& Beverages
Goods
etc.
Goods
Goods
Exports
2019
Jan. - Dec.
1,781,964
155,738
636,909
549,459
159,987
218,343
71,187
Imports
2019
Jan. - Dec.
2,781,594
140,312
711,344
732,946
393,146
659,419
122,239
Exports/Imports
2019
Jan. - Dec.
In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The values in the table
are subject to periodic change, reflecting revisions to the source information for the monthly deflators.
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