Made in China.

Six centuries ago, an armada of Chinese ships sailed west as far as East Africa. The fleet included huge cargo ships, supply ships, and even transports for cavalry horses. The crew totaled more than 27,000.

In the 21st century, China has the world's sixth-largest economy and trades with almost every country in the world, including the United States. The top Chinese exports to the U.S. include toys, games, office machines, radios, tape recorders, TVs, VCRs, and footwear. U.S. exports to China concentrate on aircraft and parts, electrical machinery, heavy machinery, and computers.

This graph shows U.S.-China trade over the last 10 years. As the data show, the U.S. buys a lot more from China than it sells to that country. For that reason, the U.S. is said to have a "trade deficit" with China.

Use the data to answer the questions below.

1. In 1995 and 1996, U.S. exports to China were twice what they were in 1989, a year not shown. Identify the value of U.S. exports in 1989.

   a $1 billion

   b $2 billion

   c $3 billion

   d $6 billion

2. When did the U.S. trade deficit with China (imports from China minus exports to China) first hit $40 billion?

   a 1995

   b 1996

   c 1997

   d 1998

3. The U.S. trade deficit with China in 2001 was

   a $83 billion

   b $72 billion

   c $65 billion

   d $60 billion

4. The dollar value of U.S. exports to China was just a shade under $25 billion in --.

5. In which two years were U.S. imports from China nearly identical? -- and --.

6. Suppose the value of U.S. exports to China rose by 20 percent in 2004, but the value of Chinese exports remained the same as in 2003. What would the...