Asked by China lilian on May 18, 2024
Verified
Our trade deficit in 2009 was
A) 40 to 50% less than in 2006.
B) 20% higher than in 2007.
C) The highest deficit on record 1975.
D) About the same as in 1993.
Trade Deficit
A situation in which a country's imports of goods and services exceed its exports, leading to a negative balance of trade.
- Analyze the direction of trade deficits with China and Japan across specified spans.
Verified Answer
JL
Jagdesh LadkaniMay 24, 2024
Final Answer :
A
Explanation :
The trade deficit in 2009 was significantly lower than in previous years, particularly when compared to 2006, due to the global financial crisis that began in 2008, which led to a decrease in consumer spending and imports.
Learning Objectives
- Analyze the direction of trade deficits with China and Japan across specified spans.