Statement I: Our Trade Deficit Is Higher Than It Was

Multiple Choice

Statement I: Our trade deficit is higher than it was five years ago.
Statement II: Until the mid-1970s,our imports and exports were each less than 10 percent of our domestic goods output.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.