Which of the following statements concerning U.S. trade statistics is correct?
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A. The U.S. has suffered trade deficits continually since 1965. B. The dollar value of imports has risen and the dollar value of exports has fallen since 1950. C. Trade surpluses were more common during the 1990s than during the 1960s. D. Imports and exports as a percent of GDP have increased since 1950.
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Answer:
D
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