In January 2013 the Chinese government held approximately $1 trillion in U.S. government debt. The Chinese government accumulated such a large about of the U.S. government debt because for the past decade, the United States
A) government made substantial foreign aid available to the Chinese government.
B) has grown more rapidly than has the Chinese economy.
C) has exported more to China than it has imported from China.
D) has imported more from China than it has exported to China.
Correct Answer:
Verified
Q106: To eliminate the fiscal imbalance the government
Q107: A fiscal action that is triggered by
Q108: Taxes and government expenditures that change in
Q109: Comparing the fiscal imbalance for the current
Q110: The largest component of the fiscal imbalance
Q112: The present value of the government's commitments
Q113: The difference between automatic fiscal policy and
Q114: When the economy is hit by spending
Q115: One characteristic of automatic fiscal policy is
Q116: Splitting the fiscal imbalance between the current
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents