ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$2, 8 trillion
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$1, 4 trillion
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$1, 3 trillion
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$2, 9 trillion
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Detailed explanation-1: -TRADE SUMMARY FOR UNITED STATES 2014 The total value of imports (CIF) was 2, 410, 855 million. At the HS6 digit level, 4, 560 products were exported to 225 countries and 4, 555 products were imported from 221 countries.
Detailed explanation-2: -TRADE SUMMARY FOR INDIA 2014 The total value of imports (CIF) was 459, 369 million. At the HS6 digit level, 4, 434 products were exported to 221 countries and 4, 331 products were imported from 222 countries.
Detailed explanation-3: -The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $2.5 trillion in 2019, down 1.6 percent ($40.2 billion) from 2018. China was the top supplier of goods to the United States, accounting for 18 percent of total goods imports.
Detailed explanation-4: -Chinese exports to India surged to USD 54.2 billion, posting a 12 per cent increase while Indian exports to China decelerated to USD 16.4 billion, a decline of 3.5 per cent.