The table below shows data on U.S. exports and imports of goods and services for five years. For each of these years, indicate whether the United States was running a trade surplus or deficit, answer with the dollar amount of the surplus or deficit, and calculate the ratio as a percent of the surplus or deficit to U.S. exports.

Instructions: In the event a deficit, do NOT include a negative sign (-) for either the dollar amount or the ratio (...% of exports). Enter your responses rounded to one decimal.

Year	U.X. Exports (billions of dollars)	U.S. Imports (billions of dollars)	Surplus or deficit	Amount of surplus/deficit (billions of dollars)	Surplus or deficit as a percent of exports
1985	382.8	558.4	_____	$_____	_____%
1995	911.5	1,012.5	_____	$_____	_____%
2007	1,646.4	2,359.0	_____	$_____	_____%
2009	1,587.7	1,932.2	_____	$_____	_____%
2014	2,086.4	2,528.9	_____	$_____	_____%

Learning Objective: Discuss the broad issues that macroeconomists study and the types of data they use and interpret.

Answer rating: 100% (QA)

A country is said to said to have a trade surplus if the total ... View the full answer