The Following Table Contains Data for the U

question 111

Multiple Choice

The following table contains data for the U.S. balance of payments in a prior year. Answer the question on the basis of this information. All figures are in billions of dollars. U.S. goods exports +$793
U.S. goods imports -1573
U.S. exports of service +280
U.S. imports of services -222
Net investment income +5
Net transfers -81
Capital account -5
Foreign purchases of assets in the U.S. +1198
U.S. purchases of foreign assets -395
Refer to the table above. There was a:

• A) Trade deficit, but a current account surplus
• B) Trade surplus, but a current account deficit
• C) Trade surplus, and a current account surplus
• D) Trade deficit, and a current account deficit

Perform seasonally adjusted forecasting.

Use exponential smoothing for forecasting and calculate forecasting error metrics like MAD.

Calculate forecasts using weighted moving average methods.

Understand the application of seasonal patterns in non-hospitality sectors.

---

Definitions:

Proportional Tax

A tax system wherein the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Benefits Tax

A taxation principle where taxes are levied according to the benefits received by the taxpayer.

Proportional

Characterized by a constant ratio or relation in degree or number between two or more quantities; directly comparative in size, degree, or amount.