The following table identifies the real value of exports,imports,and gross domestic product (GDP)for a country for three different years,measured in billions of dollars.

a.During this time period,what has happened to exports and imports as a percentage of GDP? Calculate the values.
b.During this time period,what has happened to the trade balance? Calculate the values.
c.Provide a plausible explanation for why the values might have changed in the way they did.

Question

The following table identifies the real value of exports,imports,and gross domestic product (GDP)for a country for three different years,measured in billions of dollars.
  
a.During this time period,what has happened to exports and imports as a percentage of GDP? Calculate the values.
b.During this time period,what has happened to the trade balance? Calculate the values.
c.Provide a plausible explanation for why the values might have changed in the way they did.

Quizplus · Accepted Answer

The Answer of The following table identifies the real value of exports,imports,and gross domestic product (GDP)for a country for three different years,measured in billions of dollars.
  
a.During this time period,what has happened to exports and imports as a percentage of GDP? Calculate the values.
b.During this time period,what has happened to the trade balance? Calculate the values.
c.Provide a plausible explanation for why the values might have changed in the way they did.

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