The Accompanying Table Contains Hypothetical Data for the U

question 138

Multiple Choice

$$\begin{array} { | l | r | } \hline \text { U.S. goods exports } & + \$ 390 \\\hline \text { U.S. goods imports } & - 498 \\\hline \text { U.S. service exports } & + 133 \\\hline \text { U.S. service imports } & - 107 \\\hline \text { Net investment income } & + 12 \\\hline \text { Net transfers } & - 22 \\\hline \text { Capital account } & - 5 \\\hline \text { Foreign purchases of U.S. assets } & + 156 \\\hline \text { U.S. purchases of foreign assets } & - 59 \\\hline\end{array}$$ The accompanying table contains hypothetical data for the U.S. balance of payments in a year. All ?gures are in billions of dollars. The data indicate that there was a trade

• A) de?cit in goods and also a trade de?cit in services.
• B) surplus in goods and also a trade surplus in services.
• C) de?cit in goods and a trade surplus in services.
• D) surplus in goods and a trade de?cit in services.

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Definitions:

Capital Surplus

funds raised by a company through issuing shares at a price above their par value.

Marginal Tax Rates

The rate of tax applied to your next dollar of income, indicating the percentage of tax imposed on additional income.

Interest Income

Earnings generated from assets that pay interest, such as savings accounts, bonds, and loans.