The Table Contains Balance of Payments Data for the Hypothetical

question 186

Multiple Choice

$$\begin{array} { | l | c | } \hline \text { (1) Goods exports } & + \$ 220 \\\hline \text { (2) Goods imports } & - 328 \\\hline \text { (3) Exports of services } & + 54 \\\hline \text { (4) Imports of services } & - 55 \\\hline \text { (5) Net investment income } & + 18 \\\hline \text { (6) Net transfers } & - 11 \\\hline \text { (7) Capital account } & - 1 \\\hline \text { (8) Foreign purchases of Econland assets } & + 124 \\\hline \text { (9) Econland purchases of foreign assets } & - 21 \\\hline\end{array}$$ The table contains balance of payments data for the hypothetical nation of Econland. All ?gures are in billions of dollars. Econland's balance of trade in goods and services shows a

• A) net in?ow of payments of $109 billion.
• B) net out?ow of payments of $109 billion.
• C) net in?ow of payments of $108 billion.
• D) net out?ow of payments of $108 billion.

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Definitions:

Income Tax Expense

The amount of money a company or individual owes to the government based on their taxable income.

Income Taxes Payable

The amount of income tax a company owes to the government that has not yet been paid, typically recorded as a liability on the balance sheet.

Comparative Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity at different time points to analyze trends.

Net Cash

The amount of cash available after accounting for cash inflows and outflows, reflecting the actual liquidity position of an individual or business at a specific point in time.