Answer the Question on the Basis of the Following Balance

question 133

Multiple Choice

Answer the question on the basis of the following balance of payments data for the hypothetical nation of Econland. All figures are in billions of dollars. (1) Goods exports +$220
(2) Goods imports -328
(3) Exports of services +54
(4) Imports of services -55
(5) Net investment income +18
(6) Net transfers -11
(7) Capital account -1
(8) Foreign purchases of Econland assets +124
(9) Econland purchases of foreign assets -21
Refer to the table above. Econland's balance of trade in goods and services shows a:

• A) Net inflow of payments of $109 billion
• B) Net outflow of payments of $109 billion
• C) Net inflow of payments of $108 billion
• D) Net outflow of payments of $108 billion

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