The Following Table Shows the 2008 Balance of Payments Statement

question 67

True/False

The following table shows the 2008 balance of payments statement for Transylvania.All figures are in billions of dollars.

-Refer to the above data.In 2008 Transylvania had a $2 billion balance of trade surplus.

---

Definitions:

Test-statistic

A value calculated from sample data during hypothesis testing, used to determine whether to reject the null hypothesis.

Margin of Error

The margin of error is a statistic expressing the amount of random sampling error in a survey's results, indicating the range within which the true population parameter is expected to lie with a certain level of confidence.

Standard Deviation

a statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the numbers are.

Gas Stations

Retail establishments that sell fuel and often other services or goods for motor vehicles.