If usa imported $1. 8 trillion in 2016 but exported $1. 2 trillion to other countries, why did 600 bilyon became the balance of trade?

Answers

Answer 1
The balance of trade is calculated by subtracting the value of exports from the value of imports. In this case, the United States imported $1.8 trillion in 2016 and exported $1.2 trillion to other countries.

To find the balance of trade, we subtract the value of exports from the value of imports:

$1.8 trillion (imports) - $1.2 trillion (exports) = $600 billion

Therefore, the $600 billion represents the balance of trade, which indicates that the United States had a trade deficit of $600 billion in 2016. This means that the value of imports exceeded the value of exports by $600 billion.

Related Questions

How many years of development did it take before the Wright brothers went from flying a glider to flying a powered airplane?
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Answers

It took the Wright brothers approximately 5 years of development before they went from flying a glider to flying a powered airplane.

The Wright brothers embarked on their journey towards powered flight in the late 1890s. Here is a step-by-step explanation of the years of development it took them to transition from flying a glider to flying a powered airplane:

1899: The Wright brothers started by focusing on developing and testing gliders. They built and flew several glider models over the next few years to understand the principles of flight and improve their understanding of aerodynamics.1900: In this year, they successfully flew their first glider, which provided valuable data on lift, control, and stability. This encouraged them to pursue powered flight.1901-1902: The Wright brothers spent these years conducting extensive wind tunnel experiments to refine their understanding of wing design and control surfaces. They developed the concept of three-axis control, which became a crucial innovation for maneuverability in powered flight.1903: After years of research, design iterations, and engineering, the Wright brothers achieved their goal. On December 17, 1903, they made their historic flight at Kitty Hawk, North Carolina, with their powered aircraft, the Wright Flyer. The flight lasted 12 seconds, covering a distance of 120 feet.

In summary, it took the Wright brothers approximately 4 years of development (1899-1903) from flying their initial gliders to successfully piloting a powered airplane.

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