(Table) the Current Account Balance Is A) -$650 Billion

question 13

Multiple Choice

(Table) The current account balance is: $$\begin{array}{l}\text { Balance of Payments (billions of U.S. dollars) }\\\begin{array} { l c } \hline \text { Component } & \text { Amount } \\\text { Exports } & \$ 1,800 \\\text { Imports } & 2,300 \\\text { Income received } & 490 \\\text { Income payments } & 540 \\\text { Net transfers } & - 100 \\\text { Increase in foreign-owned } & \\\text { assets in the United States } & 700 \\\text { Increase in U.S.-owned } & \\\text { assets abroad } &100 \end{array}\end{array}$$

• A) -$650 billion.
• B) $500 billion.
• C) -$500 billion.
• D) $650 billion.

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Definitions:

Pygmalion Effect

A psychological phenomenon in which higher expectations lead to an increase in performance.

Self-Fulfilling Prophecies

The psychological phenomenon where a belief or expectation, positive or negative, influences behavior in a way that makes the belief come true.

Integrative Approach

The broad theory that describes personality as a composite of an individual’s psychological processes.

Observable Traits

Characteristics or qualities of an individual or entity that can be seen or measured directly.