The following table identifies the real value of exports,imports,and gross domestic product (GDP)for the U.S.economy,measured in billions of dollars for a series of years.Use the table to answer the following questions:

-According to the table,in the year 2000,the real value of exports as a percentage of GDP was ________ and the real value of imports as a percentage of GDP was ________.

Question

The following table identifies the real value of exports,imports,and gross domestic product (GDP)for the U.S.economy,measured in billions of dollars for a series of years.Use the table to answer the following questions:
 
-According to the table,in the year 2000,the real value of exports as a percentage of GDP was ________ and the real value of imports as a percentage of GDP was ________.

Quizplus · Accepted Answer

To find the real value of exports as a percentage of GDP in 2000, we need to divide the real value of exports ($1,128.3 billion) by the GDP ($11,236.3 billion) and multiply by 100. This gives us:

Real value of exports as a percentage of GDP in 2000 = ($1,128.3 billion / $11,236.3 billion) x 100 = 10.02%

To find the real value of imports as a percentage of GDP in 2000, we need to divide the real value of imports ($1,548.9 billion) by the GDP ($11,236.3 billion) and multiply by 100. This gives us:

Real value of imports as a percentage of GDP in 2000 = ($1,548.9 billion / $11,236.3 billion) x 100 = 13.82%

Therefore, the answer is D) 10.02; 13.82.

The Following Table Identifies the Real Value of Exports,imports,and Gross