In the United States,imports and exports make up more than half of GDP.
Which of the following statements is true? A) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs. B) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop. C) Most of the leading exporting countries are large, high-income countries. D) All sectors of the U.S. economy are affected equally by international trade.
Caterpillar's sales are now greater outside the United States than inside the United States.
How have U.S.imports and exports,as a fraction of GDP,changed from 1950 to the present?