Which of the following is correct?
A)U.S.exports as a percentage of GDP have about doubled over the last 50 years.The U.S.currently has a trade surplus.
B)U.S.exports as a percentage of GDP have about doubled over the last 50 years.The U.S.currently has a trade deficit.
C)U.S.exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years.The U.S.currently has a trade surplus.
D)U.S.exports as a percentage of GDP have increased, but have not nearly doubled over the last 50 years.The U.S.currently has a trade deficit.

Question

Quizplus · Accepted Answer

According to the statement "U.S. exports as a percentage of GDP have about doubled over the last 50 years", option A and C are incorrect as they suggest that the growth in exports has not been significant. Moreover, the statement "The U.S. currently has a trade deficit" indicates that the amount of goods and services that the United States imports exceeds the value of its exports, making option D incorrect. Therefore, the best choice is B, which correctly states that the U.S. exports have doubled as a percentage of GDP and currently have a trade deficit.

Which of the Following Is Correct