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The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate the ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the ratio (...% of exports). Enter your responses rounded to one decimal place. Year 1 2 3 4 5 U.S. Exports (billions of dollars) 40.4 41.4 27.3 23.0 74.9 U.S. Imports (billions of dollars) 43.0 52.9 48.0 60.5 55.8 Surplus or deficit Deficit Deficit Deficit Deficit Surplus く V V V Amount of surplus/deficit (billions of dollars) $ $ $ $ $ Surplus/ deficit as a percent of exports % % % % %

The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate the ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the ratio (...% of exports). Enter your responses rounded to one decimal place. Year 1 2 3 4 5 U.S. Exports (billions of dollars) 40.4 41.4 27.3 23.0 74.9 U.S. Imports (billions of dollars) 43.0 52.9 48.0 60.5 55.8 Surplus or deficit Deficit Deficit Deficit Deficit Surplus く V V V Amount of surplus/deficit (billions of dollars) $ $ $ $ $ Surplus/ deficit as a percent of exports % % % % %

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate the ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the ratio (...% of exports). Enter your responses rounded to one decimal place. Year 1 2 3 4 5 U.S. Exports (billions of dollars) 40.4 41.4 27.3 23.0 74.9 U.S. Imports (billions of dollars) 43.0 52.9 48.0 60.5 55.8 Surplus or deficit Deficit Deficit Deficit Deficit Surplus V V V ✓ v Amount of surplus/deficit (billions of dollars) $ $ $ $ $ Surplus/ deficit as a percent of exports % % % % %
Transcribed Image Text:The table below shows historical data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, and dollar amount of the surplus or deficit, and calculate the ratio as a percent of the surplus or deficit to U.S. exports. Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the ratio (...% of exports). Enter your responses rounded to one decimal place. Year 1 2 3 4 5 U.S. Exports (billions of dollars) 40.4 41.4 27.3 23.0 74.9 U.S. Imports (billions of dollars) 43.0 52.9 48.0 60.5 55.8 Surplus or deficit Deficit Deficit Deficit Deficit Surplus V V V ✓ v Amount of surplus/deficit (billions of dollars) $ $ $ $ $ Surplus/ deficit as a percent of exports % % % % %
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