If Net Primary Income and Net Secondary Income Are $10

question 107

Multiple Choice

If net primary income and net secondary income are $10 billion, and a country's purchases of foreign goods and services are $25 billion while its sales of goods and services overseas are $26 billion, it has a:

• A)$9 billion deficit in its current account.
• B)surplus of $11 billion in its balance of payments.
• C)surplus of $36 billion in its current account.
• D)$11 billion surplus in its current account.

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Definitions:

Sale of Guns

The process or activity of buying and selling firearms, which is regulated by various laws and regulations to ensure public safety.

Navigable Waterways

Water bodies that are deep and wide enough for ships and boats to travel through, often playing a key role in transportation and trade.

Federal System

A form of government in which power is divided between a central authority and constituent political units.

Unitary

A system of government where a single central government holds the majority of the power, with any regional or local governments having authority that is delegated from the central government.