Which of the following statements is false? Multiple Choice China has the largest share of world exports. As a percentage of GDP, U. S. exports are the highest among the industrially advanced nations. The United States imports some of the same categories of goods as it exports. In recent years, the United States has had large annual trade deficits in goods and services.

C) The United States imports some of the same categories of goods as it exports.

D) In recent years, the United States has had large annual trade deficits in goods and services. Explanation:

A trade deficit happens when a country's imports surpasses its exports especially during a given year or period. This, on the Balance of Trade, is referred to as a negative Balance of Trade. A major signal indicating a trade deficit is a negative net amount or a negative balance witnessed in an international transaction caccount. A balance of payments which is also an international transaction account, records all of a country's economic transactions between resident and non residents n which a change in ownership happened. The US usually borrows to finance its purchases. Countries that run a trade surplus are net creditors. This occurs when Americans purchase exports from other countries or invest in them, they pay in their an currency (dollars) for it. In return, the foreigners can now use those dollars to purchase exports of the US or can invest in the US. In other words, the US must run a trade deficit in other to keep the dollar in circulation.