Which of the Following Is Correct

question 196

Multiple Choice

Which of the following is correct?

• A)U.S.exports as a percentage of GDP have about tripled since 1950.The U.S.currently has a trade deficit.
• B)U.S.exports as a percentage of GDP have about tripled since 1950.The U.S.currently has a trade surplus.
• C)U.S.exports as a percentage of GDP have about doubled since 1950.The U.S.currently has a trade deficit.
• D)U.S.exports as a percentage of GDP have about doubled since 1950.The U.S.currently has a trade surplus.

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Definitions:

Federal Budget Surpluses

Occurs when a government's income exceeds its spending during a particular fiscal year.

Market Globalization

The process of integration and interaction among different national markets, leading to a global marketplace with diminished trade barriers.

Technological Innovation

The introduction of new technologies or the improvement of existing ones, leading to better products, services, or processes.

Government Purchases

Expenditures made by the government for goods and services that directly satisfy public consumption, investment, or need.