heCR my Work In 2014, the United States exported a total of $376 billion worth o

Question

heCR my Work In 2014, the United States exported a total of $376 billion worth of products to Canada. The five largest categories were: Product Vehicles Machinery Electrical machinery Mineral fuel and oil Plastic Amount $63.3 59.7 36.6 24.8 17.0 b. What percentage of the United States' total exports to Canada is represented by the two categories "Machinery" and "Electrical Machinery"? (Round your answer to 1 decimal place.) Total exports 1% What percentage of the top five exported products do "Machinery" and "Electrical Machinery" represent? (Round your answer to 1 decimal place.) Top five exprortes

Explanation / Answer

Question b). Solution :-

Calculation of percentage of total exports represented by Machinery & Electrical Machinery category :-

= (59.7 Billion + 36.6 Billion) / 376 Billion

= 96.3 Billion / 376 Billion

= 0.256 i.e., 25.6 %

Question c). Solution :-

Calculation of percentage of total five exported products represented by Machinery & Electrical Machinery category :-

= (59.7 Billion + 36.6 Billion) / (63.3 Billion + 59.7 Billion + 36.6 Billion + 24.8 Billion + 17.0 Billion)

= 96.3 Billion / 201.40 Billion

= 0.478 i.e., 47.8 %

Conclusion :-

b). Percentage of total exports represented by Machinery & Electrical Machinery category 25.6 % c). Percentage of total five exported products represented by Machinery & Electrical Machinery category 47.8 %

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