Which of the following statements about U.S. international trade in 2016 is CORRECT?
A) The value of U.S. exports exceeded the value of U.S. imports.
B) The value of U.S. exports was about 33 percent of the value of total U.S. production.
C) The United States imported only goods.
D) The United States was the world's largest trader.

Question

Quizplus · Accepted Answer

In 2016, the United States was one of the largest traders in the world, but not necessarily the largest. However, the other statements are incorrect: the U.S. had a trade deficit (imports exceeded exports), exports were not 33% of U.S. production, and the U.S. imported both goods and services.

Which of the Following Statements About U