When country x has a trade deficit, which of the following is necessarily true?
a. country x has a higher savings rate than most other countries. the value of country
b. the value of country x’s imports exceeds the value of its exports.
c. country x has a lower gross domestic product than most other countries.
d. there is a net financial capital outflow from country x.
e. country x has been increasing tariffs on key goods and services, such as automobiles and steel.