Question

Assignment Help 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 thee 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 ( your responses rounded to one decimal place. % of exports) Enter U.S. Exports (billions of U.S. (billions of surplus/deficit (billions of dollars) Surplus/ deficit as a percent of exports Surplus or deficit Year dollars) 272.8 279.4 308.8 339.4 376.0 dollars 323.0 358.3 389.3 395.8 369.5 Deficit Deficit Deficit Surplus

Answer 1

For a nation the trade deficit occurs whenever the imports exceeds the exports and like wise there is a trade surplus when the exports of the nation exceeds the imports.

The amount of the surplus or the deficit is found out by deducting the imports from the exports,and the percentage of the surplus or deficit as a percentage of the exports is calculated by the amount divided by the exports and multiplied by 100.

For example

$=50.2/272.8$

$=0.184$

  $=18.4$

And so on.