By 2016, the U.S.trade Deficit with China

question 27

Multiple Choice

By 2016, the U.S.trade deficit with China

• A)had fallen to almost zero.
• B)was nearly $300 billion.
• C)had decreased to the same level of the early 2000s.
• D)had become a trade surplus.

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Definitions:

Nominal Return

The amount of profit or loss on an investment before adjusting for factors like inflation, representing the raw financial outcome.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.

Bondholders

Individuals or entities that hold the debt securities issued by corporations or governments, entitled to receive the bond's interest payments and the return of principal.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the total amount of income on which tax is assessed.