The Table Contains Balance of Payments Data for the Hypothetical

question 199

Multiple Choice

The table contains balance of payments data for the hypothetical nation of Econland. All figures are in billions of dollars. Econland's balance of trade in goods and services shows a

• A)net inflow of payments of $109 billion.
• B)net outflow of payments of $109 billion.
• C)net inflow of payments of $108 billion.
• D)net outflow of payments of $108 billion.

---

Definitions:

Goodwill

The benefit or value that an entity has built up over time, often reflecting in customer loyalty, brand reputation, or business relationships.

Concise

Expressing much in few words; clear and succinct.

Barest Essentials

The most basic and fundamental components or requirements needed for something.

Goodwill

The intangible asset that arises as a result of the acquisition of one company by another for a premium value, representing factors like reputation, brand, and customer relations.