Question

Question 2/6

True or False: The total U.S. trade deficit in 2018 was $621 billion.
A. True
B. False

Answer 1

The total U.S. trade deficit in 2018 was not $621 billion.

Step-by-step explanation:

The answer is False. The total U.S. trade deficit in 2018 was not $621 billion. According to the U.S. Census Bureau, the trade deficit for that year was approximately $621 billion. The trade deficit is calculated by subtracting the value of imports from the value of exports. If the value of imports is larger than the value of exports, it results in a trade deficit.

Learn more about U.S. trade deficit