The Plus Items in the Table Are "Export-Type" Entries and

question 217

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { (1) Goods Exports } & + \$ 200 \\\hline \text { (2) Balance on Capital Account } & 0 \\\hline \text { (3) Net Transfers } & 0 \\\hline \text { (4) Imports of Services } & - 100 \\\hline \text { (5) Net Investment Income } & 0 \\\hline \text { (6) US Purchases of Assets Abroad } & - 50 \\\hline \text { (7) Goods Imports } & - 250 \\\hline \text { (8) Foreign Purchases of Assets in the US } & + 150 \\\hline \text { (9) Exports of Services } & + 50 \\\hline\end{array}$$ The plus items in the table are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo. Zippo has

• A) a current account surplus.
• B) a ?nancial account de?cit.
• C) a trade surplus on goods and services.
• D) neither a balance of payments de?cit nor a surplus.

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Definitions:

Accounts Receivable Ledger

A financial document used to track all sales on credit and payments received, detailing each customer's balance and transactions.