The table below shows nominal GDP, exports, and imports for the United States.Nominal GDP, Exports, and ImportsYear20152016Nominal GDPExportsImports(billions of (billions of (billions ofdollars)$2,308.02,334.1LAdollars)$16,981.917,601.1Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign.a. Calculate the value of net exports in 2015.billionb. Calculate the value of net exports in 2016.billiondollars)$2,759.72,878.3

Here, the given table provides information about the nominal GDP, imports and Exports of a country…

The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $16,981.9 17,601.1 dollars) $2,308.0 2,334.1 dollars) $2,759.7 2,878.3 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion

The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $16,981.9 17,601.1 dollars) $2,308.0 2,334.1 dollars) $2,759.7 2,878.3 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 20SCQ: The United States exports 14 of GDP while Germany exports about 50 of its GDP. Explain stat that...

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