mivantechenko24941 mivantechenko24941

13-12-2022
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In 2018, the United States Multiple Choice a) imported more services than it exported. b) imported more goods than it exported. c) traded mainly with developing nations such as Mexico and India. d)had a small trade surplus in goods and services.

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NikitaPatel213 NikitaPatel213

15-12-2022

The US imported more items in 2018 than it exported. The correct response for the question is option (b).

Define imports.

Exporting is the process of offering goods and services to another nation. On the other hand, importing refers to the process of obtaining things from abroad and bringing them into one's own country.

From 2017 to 2018, imports rose by $217.7 billion, reaching $3,121.0 billion. Due to a rise in the services surplus of $15.0 billion (or 5.9 percent) and an increase in the goods deficit of $83.8 billion (or 10.4 percent) to $891.3 billion, the goods and services deficit increased in 2018.

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