The Table Contains Balance of Payments Data (+ and ?)

question 9

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { Current Account } & \\\hline \text { (1) Goods Exports } & + \$ 80 \\\hline \text { (2) Goods Imports } & - 70 \\\hline \text { (3) Exports of Services } & + 20 \\\hline \text { (4) Imports of Services } & - 25 \\\hline \text { (5) Net Investment Income } & + 5 \\\hline \text { (6) Net Transfers } & - 5 \\\hline \text { Financial Account } & \\\hline \text { (7) Foreign Purchases of Assets in the United States } & + 13 \\\hline \text { (8) US Purchases of Foreign Assets Abroad } & - 23 \\\hline \text { Capital Account } &\\\hline \text { (9) Balance on Capital Account } & + 5 \\\hline\end{array}$$ The table contains balance of payments data (+ and ?) for the hypothetical nation of Zabella. All ?gures are in billions of dollars. Zabella has a balance of trade (goods)

• A) de?cit of $10 billion.
• B) surplus of $5 billion.
• C) surplus of $10 billion.
• D) de?cit of $5 billion.

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Definitions:

Option Contract

A contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

Offeror's Estate

In contract law, refers to the handling of an offeror's outstanding offers after their death, focusing on whether these offers can still be accepted.

Silence

The absence of sound or the choice to refrain from speaking or making noise.

Legal Recognition

The formal acknowledgment by a legal authority that validates the status, rights, or legitimacy of an entity, action, or agreement.