U.S.exports are $300 billion,U.S.imports are $500 billion.Which of the following are consistent with the level of net exports?
A) The U.S has a trade surplus.The U.S.purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S.assets.
B) The U.S.has a trade surplus.The U.S.purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S.assets.
C) The U.S has a trade deficit.The U.S.purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S.assets.
D) The U.S.has a trade deficit.The U.S.purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S.asset.
Correct Answer:
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