Scenario: the Table Below Shows the Payments Received from Foreigners

Multiple Choice

Scenario: The table below shows the payments received from foreigners by the residents of Country Y and the payments made to foreigners by the residents of Country Y during a certain year.

-Refer to the scenario above.Which of the following is likely to be true in this case?

A) There will be a deficit in Country Y's financial account.
B) There will be a surplus in Country Y's financial account.
C) Country Y's economy will go into a recession.
D) Country Y's terms of trade will improve.