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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 14
Circle the letter that corresponds to the best answer. Statement I: Our trade deficit, although still high, is lower than it was five years ago.
Statement II: Taken together, our imports and exports are over one-quarter of our GDP.
A) Statement I is true, and statement II is false.
B) Statement II is true, and statement I is false.
C) Both statements are true.
D) Both statements are false.
Statement II: Taken together, our imports and exports are over one-quarter of our GDP.
A) Statement I is true, and statement II is false.
B) Statement II is true, and statement I is false.
C) Both statements are true.
D) Both statements are false.
Explanation
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Trade deficit refers to the situation wh...
Macroeconomics 11th Edition by Stephen Slavin
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