Asked by Stephan Polit on May 19, 2024
Verified
In the year 2009 we run a trade deficit of ________ billion.
A) $900 billion
B) $700 billion
C) about $500 billion
D) about $400 billion
Trade Deficit
Occurs when a country's imports exceed its exports during a specific period, indicating a negative balance of trade.
Billion
A numerical value representing one thousand million (1,000,000,000).
- Pinpoint the causes and impacts of current account deficits and trade imbalances.
Verified Answer
SL
sergio lopezMay 20, 2024
Final Answer :
D
Explanation :
As per the data, the US had a trade deficit of $374.9 billion in 2009, which is approximately $400 billion. Therefore, option D is correct.
Learning Objectives
- Pinpoint the causes and impacts of current account deficits and trade imbalances.