The ballooning of the U.S.foreign debt to 500 billion dollars by 1988 implied that
A) a foreign trade surplus is required to reduce the interest payment burden.
B) a foreign trade deficit is required to reduce the interest payment burden.
C) the ratio of foreign debt to the U.S.GNP was increasing.
D) the ratio of foreign debt to the U.S.GNP was decreasing.
Correct Answer:
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