Over the last several years, the United States has run a ________ in the goods trade balance and a ________ in the services trade balance.
A) surplus; deficit
B) surplus; surplus
C) deficit; deficit
D) deficit; surplus

Question

Quizplus · Accepted Answer

The question states that there has been a trade balance in both goods and services. A surplus in goods trade balance means that the US exports more goods than it imports, which has not been the case in recent years. Therefore, choices A and B can be eliminated. The US has been running a deficit in the goods trade balance, meaning that it imports more goods than it exports. On the other hand, the US has been running a surplus in the services trade balance, meaning that it exports more services than it imports. Therefore, the best choice is D.

Over the Last Several Years, the United States Has Run