What am I supposed to do with these numbers?
In recent years, the United States has been known to export more of its services abroad than it has imported due to its experienced workforce and industrialization.
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What is Export?</h3>
These are the goods and services which are sold to another country in exchange of money and its equivalents and is regarded as one of the determinants of the value of the gross domestic product of countries.
High technological advancement which led to the increase in industries etc in the United States has led to an increase in goods production which are sufficient enough to cater for the people. This is the why the excess is usually sold to other countries. The more exports a country has, the more revenue it generates to cater for other departments.
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An Economic Good that I have used today is a laptop and an Economic Service that I have used today is bank.
Economics can be defined as a field of science that is focused on the analysis and examination of various principles that influence the production, demand and supply of goods and services.
Another purpose for the studying economics is to examine certain principles that influence the production of goods and services.
So, we can conclude that economics states that we are all consumers and a consumer is someone who uses both economic goods and services.
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Please mark as brainliest hope this helps
