Asked by Mindy Bounheuangvilay on May 12, 2024

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Verified

The United States imports more goods from China than it exports to China. This is known as

A) gross national income (GNI) .
B) a trade surplus.
C) gross domestic product (GDP) .
D) a trade deficit.
E) an import imbalance.

Trade Deficit

Results when a country imports more goods than it exports.

Imports

Goods or services brought into one country from another for the purpose of sale or use.

Exports

Goods, services, or technologies sent from one country to another for trade or sale.

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Verified Answer

MB
Madeline BelfordMay 17, 2024
Final Answer :
D
Explanation :
When a country imports more goods from a specific country than it exports to that country, it is known as a trade deficit. In this case, the United States imports more goods from China than it exports to China, indicating a trade deficit between the two countries.