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Which of the following statements is true about the United Kingdom's trade? 1) The United Kingdom has a trade surplus 2) The United Kingdom has a trade deficit 3) The United Kingdom has a comparative advantage in banking 4) The United Kingdom has a low GDP

User Ashishkel
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1 Answer

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Final answer:

The United Kingdom has a trade deficit, meaning its imports exceed its exports. The correct option is 2.

Step-by-step explanation:

The correct statement about the United Kingdom's trade is that it has a trade deficit. In recent years, the United Kingdom has consistently shown a moderate trade deficit. This means that its imports exceed its exports. A trade deficit occurs when a country imports more goods and services than it exports.

The United Kingdom has experienced a trade deficit in recent years, meaning that it imports more goods and services than it exports. This trade imbalance has been influenced by various factors, including the structure of its economy, global economic conditions, and trade relationships. However, economic conditions and trade dynamics can change, so it's advisable to check the latest data for the most accurate and up-to-date information on the United Kingdom's trade balance.

The correct option is 2.

User Medjine
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