Which of the following is FALSE?
A) In 2002, the United States imported more goods and services from foreign suppliers than it exported to foreign purchasers.
B) Services are almost one-third of total exports and are a growing part of U.S. and world trade.
C) The U.S. trade balance in services is in deficit.
D) With the exception of the Gulf War period in 1991, the U.S. current account has been in deficit since the 1980s.
Correct Answer:
Verified
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Q11: Table 9.1
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