The following table shows the approximate value of exports and imports for the U

Question

The following table shows the approximate value of exports and imports for the United States from 1973 through 1977; all values are in billions o dollars: Year Exports ($, billions) 91.2 120.9 132.6 142.7 152.3 Imports ($, billions) 89.3 125.2 120.2 148.8 179.5 1973 1974 1975 1976 1977 Source: U.S. Department of Commerce In 1976, the United States ran: O a. a trade deficit equal to $1.9 billion. O b. a trade deficit equal to $27.2 billion. O C. a trade deficit equal to S6.1 billion. O d, a trade surplus equal to $6.1 billion. e. a trade surplus equal to $1.9 billion.

Explanation / Answer

Answer
trade deficit =import-export
=148.8-142.7
=6.1
The trade deficit is equal to $6.1 billion
option d

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.