Question

today's american economy is not experiencing

a. relatively low inflation rate

b.overall foreign trade surpluses with china

c. growing multi-billion budget deficit

d. relatively moderate rate of economic growth

e. relatively low rate of unemployment

Answer 1

Answer :-

Option (a) :- Incorrect , American 's economy experiencing low inflation rate because in may 2020 inflation rate is 0.1%

Option (b) :- Correct , America's economy not experiencing trade surplus with china rather than USA trade deficit with China is $ 103,319.5 millions.

Option ( c) :- Incorrect , it is correct american economy experiencing multi billion budget deficits of $ 984 billion in FY 2019.

Option (d) :- incorrect , American 's economy experiencing relatively moderate rate of economic growth of around 2.33 % .

Option ( e) :- Incorrect , American's Economy experiencing relatively low rate of unemployment . In April 2020 unemployment was at historical low of 51.30 %