If, in a Country's Balance of Payments Statement, the Merchandise

question 12

Multiple Choice

If, in a country's balance of payments statement, the merchandise trade balance is $-100, services exports and factor income receipts from abroad in total exceed services imports and factor income payments abroad by $25, unilateral transfers made exceed unilateral transfers received by $15, and the long-term financial account has debits exceeding credits by $30, then the country's balance on current account is

• A) $-120.
• B) $-90.
• C) $-75.
• D) $-60.

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Definitions:

United States

A country located in North America, consisting of 50 states and a federal district, known for its diverse geography and culture.

Race

A social construct used to categorize humans based on physical characteristics, such as skin color and facial features.

Diverse Workforce

A workforce that includes a wide range of differences among employees, such as cultural, racial, gender, age, and educational backgrounds, contributing to a variety of perspectives and ideas.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.