Suppose Grovner's Exports Equal $950 Billion, Its Imports Equal $1,000

question 101

Multiple Choice

Suppose Grovner's exports equal $950 billion, its imports equal $1,000 billion, and
Purchases of foreign assets by its citizens equals $900 billion. What is Grovner's balance on its capital account?

• A) $50 billion
• B) -$50 billion
• C) $850 billion
• D) -$850 billion

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