1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for th

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1 Imports Exports And The Trade Balance The Following Table Shows The Approximate Value Of Exports And Imports For Th 1 (24.24 KiB) Viewed 89 times

1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1968 through 1972. Complete the table by calculating the surplus or deficit both in dollar terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. Exports Imports Exports - Imports (Billions of dollars) (Billions of dollars) (Billions of dollars) (Billions of dollars) (Percentage of GDP) 910.0 GDP Year 1968 47.9 46.6 1969 985.0 51.9 50.5 1970 1,039.0 59.7 55.8 1971 63.0 62.3 1,127.0 1,238.0 1972 70.8 74.2 Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified September 2011, accessed June 10, 2013, https://www.census.gov/library/publicat ... ealth.html. Between 1968 and 1969, the in dollar terms and as a percentage of GDP.