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 1,055.8 953.9 989.3 1,093.2 1,027.7 Between 1999 and 2000, the deficit 1,115.7 1,251.4 1,475.3 1,398.7 shrank Exports - Imports (Percentage of GDP) 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. (Billions of dollars) in dollar terms and remained the same as a percentage of GDP.

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Imports, exports, and the trade balance
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
Between 1999 and 2000, the deficit
80
F3
Exports
Imports
(Billions of dollars) (Billions of dollars)
954.4
1,055.8
953.9
1,115.7
989.3
1,251.4
1,093.2
1,475.3
1,027.7
1,398.7
Q
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.
F4
iMessage
9
shrank
F5
MacBook Air
F6
Exports - Imports
(Billions of dollars)
F7
in dollar terms and remained the same as a percentage of GDP.
(Percentage of GDP)
DII
F8
D
F9
11
F10
F11
A
FV
Transcribed Image Text: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 Between 1999 and 2000, the deficit 80 F3 Exports Imports (Billions of dollars) (Billions of dollars) 954.4 1,055.8 953.9 1,115.7 989.3 1,251.4 1,093.2 1,475.3 1,027.7 1,398.7 Q 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. F4 iMessage 9 shrank F5 MacBook Air F6 Exports - Imports (Billions of dollars) F7 in dollar terms and remained the same as a percentage of GDP. (Percentage of GDP) DII F8 D F9 11 F10 F11 A FV
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