In 2015, the United States Imported More Than It Exported;

question 168

True/False

In 2015, the United States imported more than it exported; therefore, the sum of consumption plus investment plus government purchases overstated what was produced in America.

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Definitions:

Settle

To resolve or reach an agreement on a dispute or conflict; also, to establish a residence or community in a new area.

President Polk

James K. Polk, the 11th President of the United States, known for his role in the expansion of the U.S. territory, including the annexation of Texas and the Mexican-American War.

Expansionary Policy

is a macroeconomic policy aimed at increasing the supply of money within an economy to stimulate economic growth, typically through lowering interest rates and increasing government spending.

Mexican Territory

Refers to both the current nation of Mexico and historical territories governed or claimed by Mexico.