​Using the Data in the Following Tables, Let Matrix a Represent

question 220

Multiple Choice

​Using the data in the following tables, Let matrix A represent imports (in billions of dollars) to U.S. from country groupings, and let matrix B represent exports (in billions of dollars) from U.S. to country groupings. Find the total U.S. trade with these groupings by finding A + B. ​

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Definitions:

Capital Goods

Long-lasting goods acquired by firms for producing goods and services, including machinery, buildings, and equipment.

Market System

An economic system where the allocation of resources and the distribution of goods and services are determined by supply and demand in a free market.

Government Prescribes

Refers to regulations or directives made by a government to influence or control certain activities.