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The Following Table Shows the Balance of Payments Statement of Transylvania

question 38

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The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars. The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars.   Refer to the above data.In 2013, Transylvania realized a balance of payments deficit. Refer to the above data.In 2013, Transylvania realized a balance of payments deficit.


Definitions:

Entire Income

The total amount of income received from all sources before any deductions, taxes or expenses are subtracted.

Units

A standard or basic quantity into which an item of supply is divided, issued, or used.

Clothing

Garments and articles worn on the body, typically made from fabric or textiles.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods and services.

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