The Following Table Shows the Balance of Payments Statement for the Hypothetical

question 6

Multiple Choice

The following table shows the balance of payments statement for the hypothetical nation of Zabella for 2014.All the figures are in billions of dollars. Refer to the above data.The sign of the official settlement account indicates that:

• A)Zabella exported more services than it imported in 2014.
• B)Zabella imported more merchandise than it exported.
• C)there has been an out payment of $5 billion to official international reserves in 2014.
• D)there has been an in payment of $10 billion from the stock of official international reserves in 2014.

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Definitions:

Rejection Region

In hypothesis testing, the range of values for which the null hypothesis is considered unlikely and is therefore rejected.

Chi-Square Distribution

A statistical distribution that is used to determine the goodness of fit of an observed distribution to an expected one under the null hypothesis.

Critical Value(s)

Specific point(s) on a distribution curve that define the threshold for rejecting the null hypothesis in hypothesis testing.

Level Of Significance

A threshold in hypothesis testing below which the null hypothesis is rejected, indicating statistical significance.