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The Following Table Contains Hypothetical Data for Canada's Balance of Payments

question 7

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The following table contains hypothetical data for Canada's balance of payments (the statistical discrepancy is assumed to be zero) . All amounts are in billions of dollars

 Merchandise exports $137 Merchandise imports 128 Service exports +20 Service imports 26 Investment income 18 Transfers +4 Other financial investments 3 Portfolio and direct +12 investments  Capital account flows +11 Changes in official reserves 9\begin{array} { | l | l | } \hline \text { Merchandise exports } & \$ 137 \\\hline \text { Merchandise imports } & - 128 \\\hline \text { Service exports } & + 20 \\\hline \text { Service imports } & - 26 \\\hline \text { Investment income } & - 18 \\\hline \text { Transfers } & + 4 \\\hline \text { Other financial investments } & - 3 \\\hline \text { Portfolio and direct } & + 12 \\\text { investments } & \\\hline \text { Capital account flows } & + 11 \\\hline \text { Changes in official reserves } & - 9 \\\hline\end{array}
-In the balance-of-payments of Canada,merchandise imports are recorded as:


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