Savedring Output and Income Homework AThe table below shows nominal GDP, exports, and imports for the United States.Nominal GDP, Exports, and ImportsImports(billions ofdollars)Nominal GDP(billions ofdollars)Exports(billions ofdollars)Year$2,299.72,325.0$2,745.92,866.8ok2015$16,933.7201617,549.8ntInstructions: Round your answers to 1 decimal place. If you are entering a negatiwencesa. Calculate the value of net exports in 2015.$.billionb. Calculate the value of net exports in 2016.$4billion

The gross domestic product refers to the total amount of all the goods, and services which are…

The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Nominal GDP Exports (billions of dollars) $2,299.7 2,325.0 Imports (billions of dollars) (billions of dollars) Year $16,933.7 17,549.8 $2,745.9 2,866.8 2015 2016 Instructions: Round your answers to 1 decimal place. If you are entering a negati a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. $4 billion

The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Nominal GDP Exports (billions of dollars) $2,299.7 2,325.0 Imports (billions of dollars) (billions of dollars) Year $16,933.7 17,549.8 $2,745.9 2,866.8 2015 2016 Instructions: Round your answers to 1 decimal place. If you are entering a negati a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. $4 billion

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450
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Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes b- It exports 25 computers and imports 275 shoes c- It imports 125 computes and exports 350 shoes d- It exports 125 computes and imports 350 shoes
1. Imports, exports, and the trade balanceThe 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 absolute (dollar) terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth.YearGDPExportsImportsExports – Imports(Billions of dollars)(Billions of dollars)(Billions of dollars)(Billions of dollars)(Percentage of GDP)19978,332.0 954.41,055.8 19988,794.0 953.91,115.7 19999,354.0 989.31,251.4 20009,952.0 1,093.21,475.3 200110,286.0 1,027.71,398.7 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. Between 1997 and 1998, the in dollar terms and as a percentage of GDP.
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