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

question 43

Multiple Choice

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

$\begin{array} { | l | l | } \hline \text { Merchandise exports } & \$ 137 \\\hline \text { Merchandise imports } & - 128 \\\hline \text { Service exports } & + 20 \\\hline \text { Service imports } & - 26 \\\hline \text { Investment income } & - 18 \\\hline \text { Transfers } & + 4 \\\hline \text { Other financial investments } & - 3 \\\hline \text { Portfolio and direct } & + 12 \\\text { investments } & \\\hline \text { Capital account flows } & + 11 \\\hline \text { Changes in official reserves } & - 9 \\\hline\end{array}$
-If a nation's merchandise exports are $55 billion,while its merchandise imports are $50 billion,we can conclude with certainty that this nation is experiencing a:

• A)merchandise trade surplus
• B)balance-of-payments surplus
• C)positive current account balance
• D)positive balance of trade
• E)positive capital account balance

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Definitions:

Chromatid Pairing

The alignment of two sister chromatids during cell division, allowing for accurate DNA replication and segregation.

Telophase

The last stage of mitosis and of meiosis I and II when, having reached the poles, chromosomes become decondensed, and a nuclear envelope forms around each group.

Mitosis

The division of the cell nucleus resulting in two daughter nuclei, each with the same number of chromosomes as the parent nucleus; mitosis consists of prophase, prometaphase, metaphase, anaphase, and telophase. Cytokinesis usually overlaps the telophase stage.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that have the same gene sequence, inherited from each parent, and pair up during meiosis.