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:

Three-Fifths Compromise

A constitutional agreement that each slave would be counted as three-fifths of a person for the purposes of taxation and representation.

Constitution

is the supreme law of a country, outlining the framework for its governance and the rights and duties of its citizens.

Shays's Rebellion

An armed uprising in Western Massachusetts and Worcester in response to high debt and tax burdens in 1786 and 1787.

Massachusetts

Massachusetts is a U.S. state in New England known for its significant historical landmarks, higher education institutions, and influential role in American history.