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1.(1) - 1 Imports exports and the trade halanee E The table...

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Unformatted text preview: 1. Imports, exports. and the trade halanee E; The table below shows the approximate value of exports and Imports for the Unlted States from 1913 throth 191?. All values are In hilllons of dollars. Year Exports Imports GDP 19.23 $91.2 $39.3 $1,383 1924 $ 129.9 $125.2 $1,590 1925 $ 132.5 $129.2 $1,638 1926 $ 142.? $148.8 $1,325 19??r $152.3 $129.5 $2,031 Source: LLS. Depam'nent of Commerce In 19:95, the United States ran a trade surplus f equal tD $12.4 blllien f . Explanatlon: film A A trade surplus oowrs when the value of goods and servloes exported exoeeds the value of goods and servloes Imported. Thls oooun‘ed tvfloe durlng the vears between 19:3 and 1973?. In 19?5. the value of the trade surplus was the value of exports {$132.5 bllllen] mlnus the value of Imports [$120.2 bllllon}, or $12.4 bllllel'l. ...
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