The Accompanying Table Contains Hypothetical Data for the U

question 33

Multiple Choice

The accompanying table contains hypothetical data for the U.S. balance of payments in a year. All figures are in billions of dollars. The balance of trade in goods and services was a(n)

• A)$92 billion deficit.
• B)$107 billion surplus.
• C)$15 billion deficit.
• D)$38 billion surplus.

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Definitions:

Stream Of Income

A consistent or predictable flow of revenue, which can come from investments, real estate, or other sources over a period of time.

Rate Of Inflation

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

Real Return

The return on an investment after adjusting for inflation, indicating the actual purchasing power gained or lost.