Based on the Following Information,what Is the Balance on the Financial

question 268

Multiple Choice

Based on the following information,what is the balance on the financial account? Exports of goods and services = $12 billion
Imports of goods and services = $14 billion
Net income on investments = -$4 billion
Net transfers = -$1 billion
Increase in foreign holdings of assets in the United States = $5 billion
Increase in U.S.holdings of assets in foreign countries = -$3 billion

• A)$8 billion
• B)$2 billion
• C)$1 billion
• D)-$1 billion

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Definitions:

Lifecycle

The series of stages that an entity—such as a product, project, or individual—goes through during its existence, from inception to termination or renewal.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product or service.

Breakeven Price

The sales amount at which a business neither makes a profit nor incurs a loss, covering all its costs.

Generic Drug

A pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents.