Consider the Balance-Of-Payments Accounting Information for Lalaland in 2015 as Shown

question 25

Multiple Choice

Consider the balance-of-payments accounting information for Lalaland in 2015 as shown in the table below.All values are in billions of dollars and any variables not provided below have a value of zero.
TABLE 34-1
-Refer to Table 34-1.What is the balance of payments for Lalaland in 2015?

• A)$90 billion
• B)$60 billion
• C)$0
• D)-$90 billion
• E)-$60 billion

---

Definitions:

Grams

A metric unit of mass equal to one thousandth of a kilogram, often used to measure small quantities of material.

Materials Standards

The expected cost and quantity of materials required for the production of goods, used as a benchmark for evaluating performance.

Labour Hours

The total number of hours worked by employees during a specific period, often used to measure labor input in producing goods or services.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs for the achieved level of production.