Asked by Simer Sidhu on Apr 25, 2024
Verified
Between 2007 and 2009 our trade deficit
A) fell substantially.
B) remained about the same.
C) rose about 40 percent.
D) almost doubleD.
E) more than quadrupled.
Trade Deficit
A scenario in which a nation's import expenses surpass the revenue generated from its exports.
Rose
A type of flowering plant belonging to the genus Rosa, in the family Rosaceae, known for its beauty and fragrance; often symbolizes love and affection.
Doubled
Increased by 100 percent; made twice as large or numerous.
- Understand the trends and shifts in the US trade deficit from historical and recent perspectives.
Verified Answer
LB
Leidis Blanco6 days ago
Final Answer :
A
Explanation :
Between 2007 and 2009, the trade deficit fell substantially due to the global financial crisis, which led to a decrease in consumer spending and imports.
Learning Objectives
- Understand the trends and shifts in the US trade deficit from historical and recent perspectives.