Asked by Charlene Wright on May 08, 2024
Verified
Our trade deficit in 2009 was
A) the largest on record.
B) smaller than our deficit in 2008.
C) triple the 2000 deficit.
D) less than 2% of our GDP.
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period, used as a broad measure of economic performance.
- Determine the pattern of trade imbalances with China and Japan during designated intervals.
Verified Answer
CH
Courtney HardinMay 10, 2024
Final Answer :
B
Explanation :
The question does not provide specific numbers or context for the trade deficit. However, we can infer that the answer is likely B because it states that the deficit in 2009 was "smaller than our deficit in 2008." We do not know if it was the largest on record or triple the 2000 deficit, as those options are not mentioned in relation to any specific data. It is possible that the deficit was less than 2% of our GDP, but we cannot confirm this based on the information given.
Learning Objectives
- Determine the pattern of trade imbalances with China and Japan during designated intervals.