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

$\begin{array} { | l | l | } \hline \text { Merchandise exports } & \$ 137 \\\hline \text { Merchandise imports } & - 128 \\\hline \text { Service exports } & + 20 \\\hline \text { Service imports } & - 26 \\\hline \text { Investment income } & - 18 \\\hline \text { Transfers } & + 4 \\\hline \text { Other financial investments } & - 3 \\\hline \text { Portfolio and direct } & + 12 \\\text { investments } & \\\hline \text { Capital account flows } & + 11 \\\hline \text { Changes in official reserves } & - 9 \\\hline\end{array}$
-Which of the following will directly alter Canada's balance of trade?

A) a transaction of Canadian dollars that increases official international reserves
B) a decrease in merchandise exports
C) an increase in transfers
D) a decrease in capital outflows
E) an increase in investment income flowing into Canada