The Following Table Contains Hypothetical Data for Canada's Balance of Payments

Multiple Choice

The following table contains hypothetical data for Canada's balance of payments (the statistical discrepancy is assumed to be zero) . All amounts are in billions of dollars

$\begin{array} { | l | l | } \hline \text { Merchandise exports } & \$ 137 \\\hline \text { Merchandise imports } & - 128 \\\hline \text { Service exports } & + 20 \\\hline \text { Service imports } & - 26 \\\hline \text { Investment income } & - 18 \\\hline \text { Transfers } & + 4 \\\hline \text { Other financial investments } & - 3 \\\hline \text { Portfolio and direct } & + 12 \\\text { investments } & \\\hline \text { Capital account flows } & + 11 \\\hline \text { Changes in official reserves } & - 9 \\\hline\end{array}$
-If a nation's merchandise exports are $55 billion,while its merchandise imports are $50 billion,we can conclude with certainty that this nation is experiencing a:

A) merchandise trade surplus
B) balance-of-payments surplus
C) positive current account balance
D) positive balance of trade
E) positive capital account balance