Solved

The Table Contains Hypothetical Data for the U

Question 263

Multiple Choice

 (1)  US Goods Exports +$100 (2)  US Goods Imports 80 (3)  US Service Exports +40 (4)  US Service Imports 90 (5)  Net Investment Income +20 (6)  Net Transfers 15 (7)  Foreign Purchases of Assets in the United States +30 (8)  US Purchases of Foreign Assets Abroad 10 (9)  Balance on Capital Account +5\begin{array} { | l | c | } \hline \text { (1) US Goods Exports } & + \$ 100 \\\hline \text { (2) US Goods Imports } & - 80 \\\hline \text { (3) US Service Exports } & + 40 \\\hline \text { (4) US Service Imports } & - 90 \\\hline \text { (5) Net Investment Income } & + 20 \\\hline \text { (6) Net Transfers } & - 15 \\\hline \text { (7) Foreign Purchases of Assets in the United States } & + 30 \\\hline \text { (8) US Purchases of Foreign Assets Abroad } & - 10 \\\hline \text { (9) Balance on Capital Account } & + 5 \\\hline\end{array} The table contains hypothetical data for the U.S. balance of payments. All ?gures are in billions of dollars. The United States has a balance of goods


A) de?cit of $10 billion.
B) surplus of $30 billion.
C) de?cit of $30 billion.
D) surplus of $20 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions