Which of the following is TRUE of the U.S. trade balance and the federal government budget?
A. In most years since the 1970s, both have been in deficit.
B. Both exhibited greater variability before the 1970s than they have since.
C. In most years since the 1970s, both have been in surplus.
D. The federal government budget deficit was more variable before the 1970s, but the trade deficit has been more variable since.
Answer: A
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