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The Table Contains Hypothetical Data for the U

Question 209

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 (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. Item 6 indicates that


A) the United States used $15 billion of its international monetary reserves to balance its international payments.
B) the United States provided $15 billion of foreign aid to developing nations.
C) Americans provided a net amount of $15 billion in remittances to the rest of the world.
D) Americans received a net amount of $15 billion in remittances from the rest of the world.

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