Which of the following statements about world trade flows is most accurate?
A)China is the world leader in terms of GDP (gross domestic product).
B)The relative position of the United States as a supplier to the world has increased because of an absolute growth in exports.
C)The relative position of the U.S.as a supplier to the world has diminished despite an absolute growth in exports.
D)The United States' relative role as an exporter has decreased in the area of aerospace during the past five years.
E)It is impossible to compare GDPs of different nations since it is an internal measurement of economic activity.

Question

Quizplus · Accepted Answer

Although the United States has experienced an absolute growth in exports, its relative position as a supplier to the world has diminished. This is because other countries, particularly China, have experienced even greater growth in exports and have overtaken the U.S. as a major trading partner for many countries. Therefore, option C is the most accurate statement about world trade flows.

Which of the Following Statements About World Trade Flows Is