Exhibit 18-1 -Given the Hypothetical Data in Exhibit 18-1,what Is the Balance

question 87

Multiple Choice

Exhibit 18-1
$\begin{array}{lr}\text { Net exports of goods}&-2,000\\\text { Net exports of services}&500\\\text { Net unilateral transfers}&-1,000\\\text { Net investment}&100\\\text { Statistical discrepancy}&-20\\\end{array}$
-Given the hypothetical data in Exhibit 18-1,what is the balance on current account?

• A)-$1,500
• B)-$2,000
• C)-$2,400
• D)-$2,420
• E)-$2,500

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Definitions:

Real-world Events

Occurrences or situations that take place in the actual environment, outside of controlled or artificial settings.

External Validity

Extent to which a study’s results can be generalized to phenomena in real life.

Generalized

A term often used in medical or psychological contexts to describe conditions, symptoms, or effects that are widespread or not limited to a specific body part or area of concern.

Real-life Phenomena

Events, situations, or experiences that occur in the natural world, as opposed to those created or simulated in controlled environments.