What was the United States' trade deficit in 2001?

Question

The United States' trade deficit in 2001 was ___ of the country's gross domestic product.

a) between 1% and 5%

b) less than 1%

c)between 35% and 40%

d) between 10% and 15%

Answer 1

The US Trade deficit in 2001 was $427 Billion. GDP of that year was 10 trillion. Therefore the answer must be between 1%-5%

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