in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.

Answers

Answer 1

The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit.  The amount of the trade deficit is $701 billion.

Data and Calculations:

Total imports in 2013 = $2,294 billion

Total exports in 2013 = $1,593 billion

Trade deficit = $701 billion ($2,294 - $1,593)

Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.

Learn more: https://brainly.com/question/24705483


Related Questions

Other Questions
please help Math ngles equation Your Answers 1. Torrent 2.3.4.5.6.7.8.9.10.11.12.13. The Americans with Disabilities Act of 1990 (40 points and brainliest pls help but you have to be correct)agives preference to applicants with disabilities over other applicantsboffers employees with disabilities more rights in the workplacecprevents employment discrimination of applicants with disabilitiesdprovides additional pay to employees with qualified disabilities Z=3 evaluar -[z-(-z)+z]Por favor alguien que me ayude What is the y-intercept of the line shown? Criminals who use force to obtain money or goods from people they know are engaging in what type of crime can someone answer this for me pls Cell membranes:What are all the main components of a cell membrane responsible for?Please give a list of all their functions :)) While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly What is your gods origin story? Where did they come from? Why were they created, made, conceived, maybe? Who did the creating, making, or conceiving? The easiest way for a filmmaker to achieve compositional balance is to: Explain why Pakistan steel mills is an industry in the formal sector which electronics giant was founded in albuquerque in 1975? If your income is constant, what will happen to your savings when your expenses increase?PASAGOT PO!!!!! help pls////////////////// find the value of a b and c. Define secedeA. to agree to return any runaway slavesB.not allowing slaves to live in the same communityC.. to separate or leave formally from a group or unity Were Han and Qin Dynasties more similar or more different? PLEASE HELP WITH THIS ONE QUESTION Qu es ms apropiado para una funcin formal?Hay ms de una respuesta correcta. Elige todas las opciones correctas.A) el peinado eleganteB) los zapatos de tacn altoC) la gorraD) la corbataE) las zapatillas deportivas CAN SOMEONE PLEASE HELP ASAP I WILL GIVE 30 POINTS AND MARKED AS BRAINLIEST