Our trade deficit with China in 2009 was (LO7) a) under \(\$ 100\) billion b) between \(\$ 100\) billion and \(\$ 150\) billion c) between \(\$ 150\) billion and \(\$ 200\) billion d) over \(\$ 200\) billion

Short Answer

Expert verified
The trade deficit between the United States and China in 2009 was over \$200 billion. Therefore, the correct answer is option (d).

Step by step solution

01

Research the trade deficit data

To find the answer, we would research the actual trade deficit data between the United States and China in 2009. A quick search on reliable sources like the U.S. Census Bureau, the U.S. Department of Commerce, or news articles would provide the required information.
02

Analyze the data

After researching the data, we find that the US Census Bureau reported a trade deficit of approximately $226.8 billion between the United States and China in 2009. (source: https://www.uschina.org/reports/us-exports/2009)
03

Identify the correct option

Now, given the actual trade deficit data of $226.8 billion in 2009, we can identify the correct answer option: a) Under \$100 billion - False b) Between \$100 billion and \$150 billion - False c) Between \$150 billion and \$200 billion - False d) Over \$200 billion - True The correct answer is option (d) "Over \$200 billion".

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