Answer the Question on the Basis of the Following 2008

question 37

True/False

Answer the question on the basis of the following 2008 balance of payments statement for Transylvania.All figures are in billions of dollars. $\begin{array}{c}\begin{array}{lll}\text { 1) Goods Exports}\\\text { 2) Goods Imports}\\\text { 3) Service Exports}\\\text { 4) Service Imports}\\\text { 5) Net Investment Income}\\\text { 6) Net Transfers}\\\text { 7) Foreign Purchases of Assets}\\\text { 8) Purchases of Foreign Assets}\\\text { 9) Balance on Capital Account}\end{array}\begin{array}{r}+\$ 15 \\-17 \\+5 \\-2 \\-5 \\+4 \\+5 \\-11 \\+1\end{array}\end{array}$

Refer to the given data.In 2008 Transylvania was a net recipient of transfers from the rest of the world.

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Definitions:

Power

The ability or capacity to do something or act in a particular way, often referring to the control over individuals or resources in political and social systems.

Benefit

Benefit refers to the positive outcome, profit, or advantage gained from a decision, action, or policy.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate profits and then again when dividends are distributed to shareholders.

Corporate Level

Corporate level refers to the highest tier of management and operations within a diversified or multi-business company, focusing on issues affecting the company as a whole.