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

question 113

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.Zabella's balance on goods and services shows a:

• A)$5 billion deficit.
• B)$5 billion surplus.
• C)$10 billion surplus.
• D)$15 billion deficit.

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Definitions:

NCI Allocation

The process of distributing the non-controlling interest’s share of equity in the consolidated financial statements.

Upstream Transactions

Transactions where a subsidiary sells goods or services to its parent company.

Unrealised Intragroup Profit

Profit on transactions within a group of companies that has not been realized outside the group, affecting consolidated financial statements.

Opening Inventory

The value of a business's inventory at the start of an accounting period.