If Net Primary Income and Net Secondary Income Are $10

question 107

Multiple Choice

If net primary income and net secondary income are $10 billion, and a country's purchases of foreign goods and services are $25 billion while its sales of goods and services overseas are $26 billion, it has a:

• A)$9 billion deficit in its current account.
• B)surplus of $11 billion in its balance of payments.
• C)surplus of $36 billion in its current account.
• D)$11 billion surplus in its current account.

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Definitions:

Catholic Succession

The hierarchical order and process by which authority and positions within the Catholic Church are passed from one leader to another.

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Members of the highest class in certain societies, especially those holding hereditary titles or offices in England, often with significant influence over governance and culture.

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A series of hearings and prosecutions of people accused of witchcraft in colonial Massachusetts between February 1692 and May 1693.

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The executive head of the state of Massachusetts, responsible for enforcing state laws and overseeing the administration of the state government.