The Following Balance-Of-Payments Data Are for the Hypothetical Nation of Zabella

question 11

Multiple Choice

The following balance-of-payments data are for the hypothetical nation of Zabella. All figures are in billions of dollars.

$\begin{array} { | l | c | } \hline \text { Merchandise exports } & + \$ 80 \\\hline \text { Merchandise imports } & - 70 \\\hline \text { Service exports } & + 20 \\\hline \text { Service imports } & - 25 \\\hline \text { Investment income } & + 5 \\\hline \text { Transfers } & - 5 \\\hline \text { Capital and financial inflows } & + 13 \\\hline \begin{array} { l } \text { Capital and financial } \\\text { outflows }\end{array} & - 23 \\\hline \text { Changes in official reserves } & + 5 \\\hline\end{array}$
-Zabella's balance of trade shows a:

• A)$5 billion deficit
• B)$5 billion surplus
• C)$10 billion surplus
• D)$10 billion deficit
• E)$15 billion deficit

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Definitions:

Imminent Death

A situation where death is expected to occur in the very near future.

Donor

An individual or entity that gives something, often money or goods, without expecting anything in return.

Unconditional

Without any limitations, conditions, or restrictions; absolute.

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A gift that meets all the legal requirements to be considered legally effective and transferred from one person to another.