Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

In 2008-9 American households cut their consumption of domestic and imported goods and used some of the money to repay part of their debts. Which outcome might be consistent with this change?

  • Aa decline in the US trade deficit
  • Ba decrease in savings
  • Ca decrease in the US terms of trade
  • Da decrease in unemployment

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