1. In 2019, the GDP of the United States was $19.00 trillion. (All figures are in terms of constant 2012 dollars.) In that year, private consumption was $13.28 trillion, investment was $3.42 trillion, and government expenditure was $3.30 trillion. Based on the fundamental macroeconomic identity, how large was the US trade deficit?

1. a.$5.70 trillion.
2. b.$0.95 trillion.
3. c.$1.00 trillion.
4. d.-$0.95 trillion.