Question

Since 1975, the U.S. has had a(n) _____?

1) Export surplus
2) Import surplus
3) Trade surplus
4) Trade deficit

Answer 1

Since 1975, the U.S. has experienced a trade deficit, particularly since the 1980s, with a brief return to a small trade surplus in 1991, followed by larger deficits thereafter.

Step-by-step explanation:

Since 1975, the U.S. has had a trade deficit. While the country experienced mostly small trade surpluses from the 1960s into the 1970s, the pattern changed significantly starting in the 1980s. During the early 1980s, the U.S. developed large trade surpluses, which made a brief shift back to a tiny surplus in 1991. However, this was followed by even larger trade deficits in the late 1990s and early 2000s. A trade deficit implies that there is a net inflow of financial capital from abroad to the United States. Conversely, a trade surplus would indicate a net outflow of financial capital from the U.S. to other countries.