Which of the Following Is Correct

question 204

Multiple Choice

Which of the following is correct?

• A)U.S.exports as a percentage of GDP have about doubled over the last 50 years.The U.S.currently has a trade surplus.
• B)U.S.exports as a percentage of GDP have about doubled over the last 50 years.The U.S.currently has a trade deficit.
• C)U.S.exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years.The U.S.currently has a trade surplus.
• D)U.S.exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years.The U.S.currently has a trade deficit.

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender, crucial in financial and monetary policies.

Consignment

A process in which an exporter sends goods to an importer without transferring ownership.

Ownership

The legal right or state of having control over something, such as property, assets, or a business.

Exporter

An exporter is a person or company that sells goods or services to buyers in another country, contributing to international trade and economic growth.