Which One of the Following Statements Is FALSE

Which one of the following statements is FALSE?

A) The United States had accumulated substantial foreign wealth by the early 1980s.
B) The 1980s witnessed a sustained current account deficit of proportions unprecedented in the twentieth century.
C) In 1989, the country became a net debtor to foreigners for the first time since World War I.
D) U.S. foreign debt has continued to grow and now stands at 40 percent of GNP.
E) The U.S. foreign debt was paid off in the 1990s, allowing the U.S. to attain a current account surplus. However, the deficit has returned in recent years.