ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Imports of goods and services
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Investment
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Nominal GDP
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Exports of goods and services
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Detailed explanation-1: -Capital goods top the list of U.S. exports. These include aircraft, machines, equipment, and semiconductors. The production of soybeans, meat, poultry, and corn benefits the most from government farm subsidies. The volume of U.S. exports falls short of its imports.
Detailed explanation-2: -America’s 5 biggest export products by value in 2021 were refined petroleum oils, crude oil, petroleum gases, cars and electronic integrated circuits. In aggregate, those major exported goods accounted for 18.8% of overall exports sold by the United States.
Detailed explanation-3: -Gasoline and Other Fuels. Crude Petroleum. Liquified Natural Gas (LNG) and Other Natural Gases. Civilian Aircraft Parts. Passenger Vehicles. 21-Dec-2022
Detailed explanation-4: -Refined Petroleum: $58.4 billion. Crude Petroleum: $52.3 billion. Cars: $47.6 billion. Integrated Circuits: $44.2 billion. Petroleum Gas: $34.7 billion. 28-Jun-2022