Imports, exports, and the trade balance. The following table shows the approximate value of exports and imports
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Imports, exports, and the trade balance.
The following table shows the approximate value of exports and imports for the United States from 2006 through 2010.
Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GDP. If necessary, round the answers to the nearest hundredths.
| GDP | Exports | Imports | Exports-Imports | ||
|---|---|---|---|---|---|
| Year | (Billions of dollars) | (Billions of dollars) | (Billions of dollars) | (Billions of dollars) | (Percentage of GDP) |
| 2006 | 13,399.0 | 1,471.0 | 2,240.3 | ||
| 2007 | 14,062.0 | 1,661.7 | 2,375.7 | ||
| 2008 | 14,369.0 | 1,843.4 | 2,553.8 | ||
| 2009 | 14,119.0 | 1,578.4 | 1,964.7 | ||
| 2010 | 14,660.0 | 1,837.5 | 2,353.9 | ||
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