Statement I: Our trade deficit, although still high, is lower than it was five years ago. Statement II: Taken together, our imports and exports are over one quarter of our GDP.

Statement I: Our trade deficit, although still high, is lower than it was five years ago.
Statement II: Taken together, our imports and exports are over one quarter of our GDP.




a. statement I is true and statement II is false
b. statement II is true, and statement I is false
c. both statements are true
d. both statements are false






Answer: B


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