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

question 7

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

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

• A)a positive entry
• B)a financial account entry
• C)a current account entry
• D)changes in official reserves
• E)transfers

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Definitions:

Labor Exchange

The process whereby workers and employers connect or interact to facilitate employment, often mediated by a platform or agency.

Income

Monetary gains received consistently from either occupational efforts or investments.

Flowers

The reproductive structure found in flowering plants, responsible for the production of seeds and propagation of the species.

Factors Of Production

The resources used in the production of goods and services, traditionally categorized as land, labor, and capital.