In 2017 , about what percentage of goods and services sold in the United States was imported? a. 22 percent b. 5 percent c. 15 percent d. 88 percent
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In 2017, approximately 22 percent of goods and services sold in the United States were imported. This statistic reflects the increasing interconnectedness of the global economy, highlighting how American consumers enjoy a wide variety of products from around the world, from electronics to textiles! In real-world scenarios, this high percentage of imports can lead to both benefits and drawbacks. While consumers have access to a broader selection of products often at lower prices, it can also pose challenges for domestic industries and influence trade policies. Understanding these dynamics is crucial for grasping the complexities of global trade.