The Following Table Contains Hypothetical Data for the 2012 U

question 108

Multiple Choice

The following table contains hypothetical data for the 2012 U.S.balance of payments.Answer the question on the basis of this information.All figures are in billions of dollars. $\begin{array}{lrrr} \text { 1) US Goods Exports } & +\$100\\ \text {2) US Goods Imports } &-80\\ \text {3) US Service Exports } &+40\\ \text {4) US Service Imports } &-90\\ \text { 5) Net Investment Income } &+20\\ \text { 6) Net Transfers } &-15\\ \text {7) Foreign Purchases of Assets in the United States } &+30\\ \text {8) US Purchases of Foreign Assets Abroad } &-10\\ \text { 9) Balance on Capital Account } &+5\\\end{array}$
Refer to the given data.The U.S.balance on goods and services is a:

• A) $10 billion deficit.
• B) $20 billion deficit.
• C) $30 billion surplus.
• D) $30 billion deficit.

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