The Following Table Contains Hypothetical Data for the 2012 U

question 1

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 current account is a:

• A) $40 billion surplus.
• B) $25 billion deficit.
• C) $25 billion surplus.
• D) $30 billion deficit.

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Definitions:

Environmental Awards

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EPA Fine

Penalties imposed by the Environmental Protection Agency for violations of environmental laws and regulations.

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The process of taking legal action in court to resolve disputes between parties.

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A liquidity ratio that measures a company's ability to meet short-term obligations with its most liquid assets, calculated as (Cash + Marketable Securities + Receivables) / Current Liabilities.