Which one of the following is not a major factor that contributed to large trade deficits in the United States in the period 2002-2007?
A) A declining saving rate coupled with a rising investment rate in the U.S.
B) A U.S. economy growing faster than its trading partners
C) Large trade deficits with OPEC economies
D) Flexible exchange rate between the U.S. dollar and the Chinese yuan
Correct Answer:
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