Asked by WillIam Cunkle on Jun 07, 2024
Verified
The country with the largest trade deficit as a percentage of GDP in 2009 was
A) Japan.
B) United States.
C) France.
D) Canada.
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, indicating a negative balance of trade.
GDP
Gross Domestic Product, the total value of all goods and services produced within a country over a specific time period, reflecting the overall economic health of the country.
- Grasp the concepts of trade deficits and surpluses and their implications.
Verified Answer
SJ
Samya JonesJun 12, 2024
Final Answer :
B
Explanation :
According to the World Bank data, the United States had the largest trade deficit as a percentage of GDP in 2009 with 3.3%, followed by Canada with 2.6%. Japan and France had trade surpluses in 2009.
Learning Objectives
- Grasp the concepts of trade deficits and surpluses and their implications.