Question: TRUE or FALSE? EXPLAIN (a) The 2019 US trade deficit was the result of high investment, not a lowsaving rate. (b) A decline in real

TRUE or FALSE? EXPLAIN

(a) The 2019 US trade deficit was the result of high investment, not a lowsaving rate.

(b) A decline in real GDP can lead to a decline in imports and then result in a trade surplus.

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