Suppose Grovner's Exports Equal $950 Billion, Its Imports Equal $1,000

question 1

Multiple Choice

Suppose Grovner's exports equal $950 billion, its imports equal $1,000 billion, and Jpurchases of foreign assets by its citizens equals $900 billion. What is Grovner's balance on its capital account?

• A) $50 billion
• B) -$50 billion
• C) $850 billion
• D) -$850 billion

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Definitions:

Ethical Responsibilities

Refers to the duties and obligations individuals or organizations have to act in ways that are morally right and beneficial to society.

Social Welfare

Organized public or private social services intended to aid disadvantaged, distressed, or vulnerable individuals or groups.

Psychological Harm

Damage inflicted on an individual’s mental health or well-being, including emotional distress, anxiety, or trauma.

Informed Decisions

Decisions made based on a thorough understanding of all relevant information, implications, and consequences.