If we look at U.S.net exports over the last four decades, we realize that
A) the U.S. had consistent large trade deficits in the 1960s
B) the U.S. never had a trade imbalance in the 1970s
C) U) S. trade deficits decreased greatly in the early and mid 1980s
D) the U.S. never had a trade surplus until after the year 2000
E) U) S. trade deficits decreased substantially between 1997 and 2000
Correct Answer:
Verified
Q19: Which of the following statements is true?
A)NDP
Q20: If gross investment were zero, which of
Q21: The PCE deflator measures
A)the average price increase
Q22: If nominal GDP was $9,200 billion in
Q23: As a percentage of GNP, the U.S.federal
Q25: If the U.S.unemployment rate has increased, which
Q26: If national income is 5,200, disposable income
Q27: Assume that the prices of cars manufactured
Q28: Assume the budget deficit decreased by $15
Q29: The budget deficits in the early 1980s
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