FRED A019RE1A156NBEA

1. Comparing the trade balance figure to Figure 1 in Chapter 18 of the textbook, what is the main reason for the change in the trade balance since the 1970s?

(A) Imports grew faster than exports

(B) The exchange rate depreciated significantly

(C) GDP growth slowed down significantly

(D) Exports grew faster than imports

FRED TWEXBPA

2. The US dollar ($) depreciated significantly during three periods: 1980-85, 1995-2001, and 2015-2019.

(A) True

(B) False