Use the Following to Answer Questions: Table: Balance of Payments

question 248

Multiple Choice

Use the following to answer questions: Table: Balance of Payments Accounts $$\begin{array} { l c } \hline \text { ITEM } & \text { DOLLAR VALUE } \\\hline \text { Exports } & \$ 300 \mathrm {~m} \\\text { Imports } & \$ 620 \mathrm {~m} \\\text { Net income on capital held abroad } & \$ 35 \mathrm {~m} \\\text { Foreign aid received } & \$ 100 \mathrm {~m} \\\text { Foreign direct investment } & \$ 120 \mathrm {~m} \\\text { Portfolio investment } & \$ 50 \mathrm {~m} \\\text { Other investment } & \$ 50 \mathrm {~m} \\\hline\end{array}$$
-(Table: Balance of Payment Accounts) According to the data in this table, what is the capital account balance for this country?

• A) $220 million
• B) -$185 million
• C) $1,055 million
• D) $170 million

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Definitions:

Oxygen

A chemical element with symbol O and atomic number 8, essential for breathing in most living organisms and a key component of water.

Earth's Crust

The Earth's crust is the outermost solid shell of the planet, composed of rock, and is the surface upon which we live. It varies in thickness and is thinner under the oceans and thicker under continental land masses.

Quartz

A hard, crystalline mineral composed of silicon and oxygen atoms, widely used in jewelry and as an industrial abrasive.

Feldspar

A group of rock-forming minerals that are among the most abundant minerals in the Earth's crust, used in ceramics and glassmaking.