The Table Has Some of the U

question 79

Multiple Choice

$$\begin{array} { l c } \text { Variables } & \text { (billions of dollars) } \\\hline \text { Imports of goods and services } & 1,400 \\\text { Exports of goods and services } & 1,600 \\\text { Net interest } & 0 \\\text { Net transfers } & 0 \\\text { Foreign investment in the United } & \\\text { States } & 480 \\\text { U.S. investment abroad } & 700 \\\hline\end{array}$$
The table has some of the U.S.balance of payments account.
-If there is no statistical discrepancy, the sum of all three balance of payments accounts equals ________.

• A) zero
• B) -$20 billion
• C) +$200 billion
• D) +$220 billion
• E) +$20 billion

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Definitions:

Labor Markets

The supply and demand for labor, where employers seek to hire workers and workers seek employment.

Contract

A legally binding agreement between parties that outlines the terms and conditions under which a transaction or exchange is to take place.

Means-Tested Programs

Government programs and assistance available only to individuals or families whose income and assets fall below specified thresholds.

Consumption Tax

A tax on the purchase of goods and services, levied at the point of consumption.