Which of the Following Statements About World Trade Flows Is

question 117

Multiple Choice

Which of the following statements about world trade flows is most accurate?

• A)The U.S.is the world leader in terms of GDP (gross domestic product).
• B)The relative position of the United States as a supplier to the world has increased because of an absolute growth in exports.
• C)The United States is running a continuing trade surplus because it has the world's smallest GDP.
• D)The United States' relative role as an exporter has decreased in the area of aerospace during the past five years.
• E)During the past 30 years,the relative position of the U.S.in terms of GDP has remained stable despite the fact that actual value of products and services has increased.

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Definitions:

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