Table 202 -Refer to Table 20

question 145

Multiple Choice

Table 20.2
$$\begin{array} { | l | c | } \hline \text { Current Account } & ( \$ ) \\\hline \text { Merchandise exports } & 500 \\\hline \text { Merchandise imports } & 200 \\\hline \text { Merchandise trade balance } & \\\hline \text { Service exports } & 400 \\\hline \text { Service imports } & 600 \\\hline \text { Goods and services bal ance } & \\\hline \text { Net investment income from abroad } & 50 \\\hline \text { Net unilateral transfers } & - 90 \\\hline \text { Current account balance } & \\\hline\end{array}$$
-Refer to Table 20.2,which shows a balance-of-payments account.What is the merchandise trade balance?

• A)$300
• B)$100
• C)?-$300
• D)?$100
• E)$60

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Definitions:

Mutually Exclusive

Events that cannot occur simultaneously, indicating that the happening of one precludes the occurrence of the other.

Hypothesis Testing

A statistical method to decide whether to accept or reject a hypothesis based on sample data.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is true. Often denoted by alpha, it's a measure of the risk of a Type I error.

Confidence Coefficient

The probability level associated with a confidence interval, often expressed as a percentage, indicating the degree of certainty in the estimate.