Which statement is true?
A)Xn in the United States has been negative every year since the mid-1970s.
B)Xn in the United States was generally positive for most years from the 1920s until 1971.
C)Since the mid-1970s,GDP would have been higher without Xn.
D)All of the statements are true.

Question

Quizplus · Accepted Answer

All the statements are true: A) The U.S. trade balance (Xn) has been negative since the mid-1970s. B) Historically, the U.S. had a positive trade balance before the 1970s. C) A negative Xn reduces GDP, so GDP would have been higher without it.

Which Statement Is True