Which of the Following Is True of the U

question 116

Multiple Choice

Which of the following is true of the U.S. trade balance and the federal government budget?

• A) In most years since the 1970s, both have been in surplus.
• B) In most years since the 1970s, both have been in deficit.
• C) Both exhibited greater variability before the 1970s than they have since.
• D) The federal government budget deficit was more variable before the 1970s, but the trade deficit has been more variable since.

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Definitions:

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Justice Kennedy

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Declaration of Independence

A historic document in which the Thirteen Colonies declared their independence from British rule in 1776.