Which One of the Following Is Not a Major Factor

Multiple Choice

Which one of the following is not a major factor that contributed to large trade deficits in the United States in the period 2002-2007?

A) a declining saving rate coupled with a rising investment rate in the U.S.
B) a U.S. economy growing faster than its trading partners
C) large trade deficits with OPEC economies
D) flexible exchange rate between the U.S. dollar and the Chinese yuan