U. S. exports are $300 billion, U. S. imports are $500 billion. Which of the following are consistent with the level of net exports?
a. The U. S has a trade surplus. The U. S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U. S. assets.
b. The U. S. has a trade surplus. The U. S. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U. S. assets.
c. The U. S has a trade deficit. The U. S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U. S. assets.
d. The U. S. has a trade deficit. The U. S. purchases $600 billion worth of
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