Question

Which of the following statements is true about U.S. international trade?

The United States initially had a trade deficit but began running a trade surplus in 2009.
The United States initially had a trade surplus but began running a trade deficit in 2009.
The United States has maintained a trade deficit from 2000 to 2015.
The United States has maintained a trade surplus from 2000 to 2015.

Answer 1

The United States has maintained a trade deficit from 2000 to 2015 A trade deficit is the economic term for a nations Balance of payments relying more on imports that exports , that is , the United States imported more than it exported during the period 2000 - 2015 . Trade Deficit = Total Value of Imports – Total Value of Exports Also known as a negative balance of trade , a trade deficits illustrates a outflow of domestic currency (US DOLLARS) to foreign markets .