Please only provide answer, no explanation needed. PAY CLOSE ATTENTION, I need the format with question #, and part (Ex. 1a, 1b, 2a, 2b, etc..). Pay close attention to question 6. All 8 problems need to be completed!

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1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. 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. GDP Exports Imports Exports - Imports Year (Billions of dollars) (Billions of dollars) (Billions of dollars) (Billions of dollars) (Percentage of GDP) 1997 8,332.0 954.4 1,055.8 1998 8,794.0 953.9 1,115.7 1999 9,354.0 989.3 1,251.4 2000 9,952.0 1,093.2 1,475.3 2001 10,286.0 1,027.7 1,398.7 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/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. Between 1997 and 1998, the in dollar terms and as a percentage of GDP.1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. 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. GDP Exports Imports Exports - Imports Year (Billions of dollars) (Billions of dollars) (Billions of dollars) (Billions of dollars) (Percentage of GDP) 1997 8,332.0 954.4 1,055.8 1998 8,794.0 953.9 1,115.7 1999 9,354.0 989.3 1,251.4 2000 9,952.0 1,093.2 1,475.3 2001 10,286.0 1,027.7 1,398.7 Source: "Income, Expenditures, Po alth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified surplus September 2011, accessed June 10 s://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. deficit Between 1997 and 1998, the in dollar terms and as a percentage of GDP.1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. 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. GDP Exports Imports Exports - Imports Year (Billions of dollars) (Billions of dollars) (Billions of dollars) (Billions of dollars) (Percentage of GDP) 1997 8,332.0 954.4 1,055.8 1998 8,794.0 953.9 1,115.7 1999 9,354.0 989.3 1,251.4 2000 9,952.0 1,093.2 1,475.3 2001 10,286.0 1, 1,398.7 grew Source: "Income, Expenditures, Poverty, & Wealth: DP)," United States Census Bureau, United States Department of Commerce, last modified shrank September 2011, accessed June 10, 2013, https://w ications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. remained the same Between 1997 and 1998, the in dollar terms and as a percentage of GDP.1. Imports, exports, and the trade balance The following table shows the approximate value of exports and imports for the United States from 1997 through 2001. Complete the table by calculating the surplus or decit both in dollar terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. GDP Exports Imports Exports - Imports Year (Billions of dollars) (Billions of dollars) (Billions of dollars) (Billions of dollars) (Percentage of GDP) 1997 8,332.0 954.4 1,055.8 : C 1998 8,794.0 953.9 1,115.7 [: l: 1999 9,354.0 989.3 1,251.4 [: [: 2000 9,952.0 1,093.2 1,475.3 : C 2001 10,286.0 1,027.7 1,398.7 [: grew Source: \"Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP),\" United States Census 5 merit of Commerce, last modified shrank September 2011, accessed June 10, 2013, https://www.census.gov/|ibrary/publications/Zl1/compendia/st itures-poverty-wealthhtml. remained the same Between 1997 and 1998, the V V in dollar terms and V as a percentage of GDP. 2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Van orders 40 bottles of wine from a French distributor at a price of $30 per bottle. 2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug. 3. Carlos, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative. Amount (Dollars) Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP)3. Factors that influence international trade World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to explain the increase in international trade and finance since the 19505? Check all that apply. C] International trade agreements such as the North American Free Trade Agreement (NAFTA) C] Changes in exchange rates C] The widespread use of the Internet to conduct business C] Better highspeed rail lines Suppose you are the purchasing manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer. Determine the effects of this transaction on exports, imports, and net exports in the U.S. economy, and enter your results in the following table. If the direction of change is "No change, " enter "0" in the Magnitude of Change column. Hint: The magnitude of change should always be positive, regardless of the direction of change. Magnitude of Change Direction of Change (Dollars) Exports V Im po rts V Net Exports V Because of the identity equation that relates to net exports, the V in U.S. net exports is matched by V in U.S. net capital outflow. Which of the following is an example of how the United States might be affected in this scenario? Check all that apply. D The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies. [3 The Indian tea producer hangs on to the $1,500,000 so that it can use the U.S. dollars to make investments. C] The United States sells $1,500,000 worth of bonds to the Indian tea producer. Suppose you are the purchasing manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer. Determine the effects of this transaction on exports, imports, and net exports in the U.S. economy, and enter your results in the following table. If the direction of change is "No change, " enter "0" in the Magnitude of Change column. Hint: The magnitude of change should always be positive, regardless of the direction of change. Magnitude of Change Direction of Change (Dollars) Exports V Imports Decrease Net Exports Increase Because of the ident outflow. Which of th at relates to net exports, the V in U.S. net exports is matched by V in U.S. net capital No change .n example of how the United States might be affected in this scenario? Check all that apply. D The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies. [3 The Indian tea producer hangs on to the $1,500,000 so that it can use the US. dollars to make investments. C] The United States sells $1,500,000 worth of bonds to the Indian tea producer. Suppose you are the purchasing manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer. Determine the effects of this transaction on exports, imports, and net exports in the U.S. economy, and enter your results in the following table. If the direction of change is "No change, " enter "0" in the Magnitude of Change column. Hint: The magnitude of change should always be positive, regardless of the direction of change. Magnitude of Change Direction of Change (Dollars) Exports V Im po rts V Net Exports V Because of the identity equation that relates to net exports, the V in U.S. net exports is matched by V in U.S. net capital increase outflow. Which of the following is an example of how the United t be affected in this scenario? Check all that apply. D The Indian tea producer purchases $1,500,000 worth -ad out over a few U.S. companies. decrease [j The Indian tea producer hangs on to the $1,500,000 so 1: at It can use the US. dollars to make investments. C] The United States sells $1,500,000 worth of bonds to the Indian tea producer. Suppose you are the purchasing manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer. Determine the effects of this transaction on exports, imports, and net exports in the U.S. economy, and enter your results in the following table. If the direction of change is "No change, " enter "0" in the Magnitude of Change column. Hint: The magnitude of change should always be positive, regardless of the direction of change. Magnitude of Change Direction of Change (Dollars) Exports V Im po rts V Net Exports V Because of the identity equation that relates to net exports, the V in U.S. net exports is matched by V in U.S. net capital an increase outflow. Which of the following is an example of how the United States might be affected in this scenario? Check . D The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies. d a ecrease [j The Indian tea producer hangs on to the $1,500,000 so that it can use the US. dollars to make investments. C] The United States sells $1,500,000 worth of bonds to the Indian tea producer. 5. Saving and net flows of capital and goods In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis. Recall the components that make up GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C = consumption, 1 = investment, G = government purchases, X = exports, M = imports, and NX = net exports: Also, national saving is the income of the nation that is left after paying for V . Therefore, national saving (S) is defined as: Rearranging the previous equation and solving for Y yields Y = V . Plugging this into the original equation showing the various components of GDP results in the following relationship: This is equivalent to S = V , since net exports must equal net capital outflow (NCO, also known as net foreign investment). Now suppose that a country is experiencing a trade deficit. Determine the relationships between the entries in the following table, and enter these relationships using the following symbols: > (greater than), (greater than), (greater than), (greater than), (greater than), (greater than), (greater than), (greater than),