Period WT 1992 1993 1904 1995 1000 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 7 2017 2018 2019 wo 2020 21 2021 722022 Total 373 39,212 -70,311 08,493 -96,384 -104,065 -108,273 -166,140 -255,809 -369,686 -360,373 -420,666 -400,243 -610,838 -716,542 -763,533 -710,997 -712,350 -304,771 -503.087 Table Balance Goods International Trade in Goods and Services Exports, Imports, and Balances [Milions of dollars, months seasonally adjusted] Details may not equal totals due to seasonal adjustment and rounding 276,737 -96,897 -132,451 -165,831 -174,170 -191,000 -198,428 -248,221 -337,068 -446,783 -422,370 475.245 -541,643) -664,766 -782,804 -837,280 -821,196 -832,492 -509,604 -648,071 -654,522 -525,000 -446,061 -483,952 -490,776 -479,458 -510.344 -678,594 -559,076 -857,260 -653,989 -913,885 -845,047 -1,000,200 -945.319 -1,191,020 -740,990 -741.119 -700,639 -749,917 -761,868 -749,801 -799,343 -878,749 Services 45,802 57,685 62,141 67,338 77,786 86,935 90,155 82,081 81,258 77,096 61,097 54.579 45,401 63,927 66,262 73,756 110,190 120,142 114,023 145,584 186,477 215,213 253,678 205,905 271,092 300,155 297,584 Total 259,896 245,240 245,710 578,343 616,882 642,863 703,254 794,387 851,602 934,453 933,174 976,525 1,082,963 1,015,300 986,095 1,028, 186 1,168,120 1,291,503 1,463,001 2,247 453 2,313,121 2,302,615 2,280,778 270,343 2.240,024 288,999 1,660,015 1,849,580 1,592,792 1,872.320 2,143,552 2,304,476 2,542,462 2,540,276 2,158,651 2,556,638 3,011,855 Exports Goods 414,083 439,631 456,943 502,859 575,204 612,113 678,366 670,416 698,524 784,940 731,331 698,036 730,446 823,584 913,016 1,040,005 1,165,161 1,308,795 1,070,331 1,290.279 1,498.887 1,562,630 1,593,708 1,635,563 1,511,381 1,457,303 1,557,003 1,670,913 1,655,098 1,432,218 1,761,364 2.085,847 Services 164,260 177,261 185.920 200,395 219,183 239,489 256,087 262,768 278,001 298,023 284,035 288,059 297,740 344,536 378,487 423,086 495,664 540,791 522.461 582,041 644,665 684,823 719,413 757,051 769,397 783,431 837,474 865,549 891,177 726,433 795,273 920,008 Total 600X479 656,094 713,174 801,747 890,771 955,667 1,042,726 1,099,314 1,232,335 1,452,650 1,376,739 1,406,762 1,524,429 1,778,958 2,008,045 2,227,623 2,371,811 2,561,936 1,987,563 2,375,407 2,698,074 2.773,359 2,759,082 2,876.566 2,771,554 2,720,282 2,904 820 3,121,057 3,105,052 2,812,040 3,401,685 3,957,174 Imports Goods' 491,020 536,528 589,394 668,690 749,374 803,113 876,794 918,637 1,035,592 1,231,722 1,153,701 1,173,281 1,272,089 1,488,349 1,695,820 1,823,194 1,980 347 2,141,287 1,500,025 1,938,950 2,230,886 2,303,740 2,294, 247 2.385,480 2,273,249 2,207,195 2,356,345 2,655,002 2,512,358 2,346,103 2,051,000 3,276,076 Services 178,459 119.566 123,780 133,057 141,397 152,554 165,932 180,677 190,742 220,927 222,039 233,480 252,340 290,609 312,225 349,329 385,464 420,650 407,538 436,456 458,188 469,610 405,730 491,086 498,305 513,088 548,475 565,395 593,504 466,537 550,025 680,298
Period WT 1992 1993 1904 1995 1000 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 7 2017 2018 2019 wo 2020 21 2021 722022 Total 373 39,212 -70,311 08,493 -96,384 -104,065 -108,273 -166,140 -255,809 -369,686 -360,373 -420,666 -400,243 -610,838 -716,542 -763,533 -710,997 -712,350 -304,771 -503.087 Table Balance Goods International Trade in Goods and Services Exports, Imports, and Balances [Milions of dollars, months seasonally adjusted] Details may not equal totals due to seasonal adjustment and rounding 276,737 -96,897 -132,451 -165,831 -174,170 -191,000 -198,428 -248,221 -337,068 -446,783 -422,370 475.245 -541,643) -664,766 -782,804 -837,280 -821,196 -832,492 -509,604 -648,071 -654,522 -525,000 -446,061 -483,952 -490,776 -479,458 -510.344 -678,594 -559,076 -857,260 -653,989 -913,885 -845,047 -1,000,200 -945.319 -1,191,020 -740,990 -741.119 -700,639 -749,917 -761,868 -749,801 -799,343 -878,749 Services 45,802 57,685 62,141 67,338 77,786 86,935 90,155 82,081 81,258 77,096 61,097 54.579 45,401 63,927 66,262 73,756 110,190 120,142 114,023 145,584 186,477 215,213 253,678 205,905 271,092 300,155 297,584 Total 259,896 245,240 245,710 578,343 616,882 642,863 703,254 794,387 851,602 934,453 933,174 976,525 1,082,963 1,015,300 986,095 1,028, 186 1,168,120 1,291,503 1,463,001 2,247 453 2,313,121 2,302,615 2,280,778 270,343 2.240,024 288,999 1,660,015 1,849,580 1,592,792 1,872.320 2,143,552 2,304,476 2,542,462 2,540,276 2,158,651 2,556,638 3,011,855 Exports Goods 414,083 439,631 456,943 502,859 575,204 612,113 678,366 670,416 698,524 784,940 731,331 698,036 730,446 823,584 913,016 1,040,005 1,165,161 1,308,795 1,070,331 1,290.279 1,498.887 1,562,630 1,593,708 1,635,563 1,511,381 1,457,303 1,557,003 1,670,913 1,655,098 1,432,218 1,761,364 2.085,847 Services 164,260 177,261 185.920 200,395 219,183 239,489 256,087 262,768 278,001 298,023 284,035 288,059 297,740 344,536 378,487 423,086 495,664 540,791 522.461 582,041 644,665 684,823 719,413 757,051 769,397 783,431 837,474 865,549 891,177 726,433 795,273 920,008 Total 600X479 656,094 713,174 801,747 890,771 955,667 1,042,726 1,099,314 1,232,335 1,452,650 1,376,739 1,406,762 1,524,429 1,778,958 2,008,045 2,227,623 2,371,811 2,561,936 1,987,563 2,375,407 2,698,074 2.773,359 2,759,082 2,876.566 2,771,554 2,720,282 2,904 820 3,121,057 3,105,052 2,812,040 3,401,685 3,957,174 Imports Goods' 491,020 536,528 589,394 668,690 749,374 803,113 876,794 918,637 1,035,592 1,231,722 1,153,701 1,173,281 1,272,089 1,488,349 1,695,820 1,823,194 1,980 347 2,141,287 1,500,025 1,938,950 2,230,886 2,303,740 2,294, 247 2.385,480 2,273,249 2,207,195 2,356,345 2,655,002 2,512,358 2,346,103 2,051,000 3,276,076 Services 178,459 119.566 123,780 133,057 141,397 152,554 165,932 180,677 190,742 220,927 222,039 233,480 252,340 290,609 312,225 349,329 385,464 420,650 407,538 436,456 458,188 469,610 405,730 491,086 498,305 513,088 548,475 565,395 593,504 466,537 550,025 680,298
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Penod
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
32003
42004
- 2005
2006
7 2007
2008
50 2009
2010
1 2011
02 2012
63 2013
64 2014
65 2015
2016
67 2017
2018
09 2019
70 2020
71 2021
72 2022
73
Total
143
39,212
-70,311
-96,493
-96,384
-104,065
-108,273
-166,140
-255,809
-369.686
-360,373
420,666
-496,243
-610,838
-716,542
-763,533
-710,997
-712,350
-394,771
-503,087
-554,522
-525,906
446,861
-483.952
-490,776
-479,458
-510,344
-578,594
-559,676
-653,989
845,047
-945.319
Table 1. U.S. International Trade in Goods and Services
Exports, Imports, and Balances
(Millions of dollars, months seasonally adjusted]
Details may not equal totals due to seasonal adjustment and rounding.
Balance
N
-76,337
-96,897
-132,451
-165,831
-174,170
-191,000
-198,428
Goods
-248,221
-337,068
-446,783
-422,370
475 245
-541,643
-664,766
-782,804
-837,280
-821,196
-832,492
-509,604
-648.671
-740,999
-741,119
-700,539
-749,917
-761,868
-749,801
-799.343
-878,749
-857,260
-913,885
-1,000,206
-1,191,029
Services
45,802
57,685
62,141
67,338
77,786
86,935
90,155
82,081
81,258
77,006
61,997
54,579
45,401
53,927
66,262
265,965
271,092
270,343
288,999
Total
245,248
245,710
578,343
616,882
642 863
Lone
703,254
794,387
73,756 1,463,991
110,199
1,660,815
120,142
114,923
145,584
186,477
215,213
253,678
851,602
934,453
933,174
976,525
1,082,963
1,015,366
986,095
1,028, 186
1,168,120
1,291,503
2,313,121
2,392,615
2,280,778
2,240,824
2,394,470
300,155 2,542,462
297,584
2,546,276
259,896
2,158,651
2,556,638
3,011,855
1,849,588
1,592,792
1,872.320
2,143,552
2,247 453
Exports
Goods ¹
Monthly
FODES
414,083
439,631
456,943
502,859
575,204
612,113
678,366
670,416
698,524
784,940
731,331
698,036
730,446
823,584
913,016
1,040,905
1,165,151
1,308,795
1,070,331
1,290.279
1,498.887
1,562,630
1,593,708
1,635,563
1,511,381
1457,393
1,557,003
1,670,913
1,655,098
1,432,218
1,761,364
2,085,847
3 100
Services
164,260
177,251
185,920
200,395
219,183
239,489
256,087
262,758
278,001
298,023
284,035
288,059
297,740
344,536
378,487
423,086
495,664
540,791
522,461
582,041
644,665
684,823
719,413
757,051
769,397
783,431
837,474
865,549
891.177
726,433
795,273
926.008
LUTER
Total
600 479
656,094
713,174
801,747
890,771
955,667
1,042,726
1.099,314
1,232,335
1,452,650
1,375,739
1,406,762
1,524,429
1,778,958
2,008,045
2,227,523
2,371,811
2,561,936
1,987,563
2,375,407
2.698,074
2.773,359
2,759,982
2,876,566
2,771,554
2,720,282
2,904 820
3,121,057
3,105,952
2,812,640
3,401,685
3,957.174
FAST
Imports
Goods'
491,020
536,528
589,394
668,690
749,374
803,113
876,794
918,637
1,035,592
1,231,722
1,153,701
1.173,281
1,272,089
1,488,349
1,695,820
1,873,194
1,980,347
2,141,287
1,680,025
1,938,950
2,239,886
2,303,749
2,294,247
2,385,480
2,273,249
2,207,195
2,356,345
2,555,862
2,512,358
2,346,103
2,851,660
3.276.876
Services
178,459
119,566
123,780
133,057
141,397
152,554
165,932
180,677
196,742
220,927
222,039
233,480
252,340
290,609
312,225
349,329
385,464
420,650
407,538
436,456
458,188
469,610
465,736
491,086
498,305
513,088
548,475
565,395
593,594
466,537
550,025
680,298](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32066021-45ff-4096-8829-778c96de06e3%2F6c42d884-3c9d-4c2f-a46f-ca69d63bd08e%2Fgdkfpuw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Penod
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
32003
42004
- 2005
2006
7 2007
2008
50 2009
2010
1 2011
02 2012
63 2013
64 2014
65 2015
2016
67 2017
2018
09 2019
70 2020
71 2021
72 2022
73
Total
143
39,212
-70,311
-96,493
-96,384
-104,065
-108,273
-166,140
-255,809
-369.686
-360,373
420,666
-496,243
-610,838
-716,542
-763,533
-710,997
-712,350
-394,771
-503,087
-554,522
-525,906
446,861
-483.952
-490,776
-479,458
-510,344
-578,594
-559,676
-653,989
845,047
-945.319
Table 1. U.S. International Trade in Goods and Services
Exports, Imports, and Balances
(Millions of dollars, months seasonally adjusted]
Details may not equal totals due to seasonal adjustment and rounding.
Balance
N
-76,337
-96,897
-132,451
-165,831
-174,170
-191,000
-198,428
Goods
-248,221
-337,068
-446,783
-422,370
475 245
-541,643
-664,766
-782,804
-837,280
-821,196
-832,492
-509,604
-648.671
-740,999
-741,119
-700,539
-749,917
-761,868
-749,801
-799.343
-878,749
-857,260
-913,885
-1,000,206
-1,191,029
Services
45,802
57,685
62,141
67,338
77,786
86,935
90,155
82,081
81,258
77,006
61,997
54,579
45,401
53,927
66,262
265,965
271,092
270,343
288,999
Total
245,248
245,710
578,343
616,882
642 863
Lone
703,254
794,387
73,756 1,463,991
110,199
1,660,815
120,142
114,923
145,584
186,477
215,213
253,678
851,602
934,453
933,174
976,525
1,082,963
1,015,366
986,095
1,028, 186
1,168,120
1,291,503
2,313,121
2,392,615
2,280,778
2,240,824
2,394,470
300,155 2,542,462
297,584
2,546,276
259,896
2,158,651
2,556,638
3,011,855
1,849,588
1,592,792
1,872.320
2,143,552
2,247 453
Exports
Goods ¹
Monthly
FODES
414,083
439,631
456,943
502,859
575,204
612,113
678,366
670,416
698,524
784,940
731,331
698,036
730,446
823,584
913,016
1,040,905
1,165,151
1,308,795
1,070,331
1,290.279
1,498.887
1,562,630
1,593,708
1,635,563
1,511,381
1457,393
1,557,003
1,670,913
1,655,098
1,432,218
1,761,364
2,085,847
3 100
Services
164,260
177,251
185,920
200,395
219,183
239,489
256,087
262,758
278,001
298,023
284,035
288,059
297,740
344,536
378,487
423,086
495,664
540,791
522,461
582,041
644,665
684,823
719,413
757,051
769,397
783,431
837,474
865,549
891.177
726,433
795,273
926.008
LUTER
Total
600 479
656,094
713,174
801,747
890,771
955,667
1,042,726
1.099,314
1,232,335
1,452,650
1,375,739
1,406,762
1,524,429
1,778,958
2,008,045
2,227,523
2,371,811
2,561,936
1,987,563
2,375,407
2.698,074
2.773,359
2,759,982
2,876,566
2,771,554
2,720,282
2,904 820
3,121,057
3,105,952
2,812,640
3,401,685
3,957.174
FAST
Imports
Goods'
491,020
536,528
589,394
668,690
749,374
803,113
876,794
918,637
1,035,592
1,231,722
1,153,701
1.173,281
1,272,089
1,488,349
1,695,820
1,873,194
1,980,347
2,141,287
1,680,025
1,938,950
2,239,886
2,303,749
2,294,247
2,385,480
2,273,249
2,207,195
2,356,345
2,555,862
2,512,358
2,346,103
2,851,660
3.276.876
Services
178,459
119,566
123,780
133,057
141,397
152,554
165,932
180,677
196,742
220,927
222,039
233,480
252,340
290,609
312,225
349,329
385,464
420,650
407,538
436,456
458,188
469,610
465,736
491,086
498,305
513,088
548,475
565,395
593,594
466,537
550,025
680,298
Transcribed Image Text:Answer the following questions using the BEA Tables for US International Trade in Goods and Services E
Scroll down to the "U.S. Trade in Goods and Services, 1960-present" and download those spreadsheets. Using
annual data from Table 1:
Calculate the growth rate in U.S. exports over the last five years. Report your answer rounded to the nearest
tenth. I
%
Calculate the growth rate in U.S. imports over the last five years. Report your answer rounded to the nearest
tenth.
%
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