The Following Table Contains Data for the U

question 60

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
By how much did Americans forgive debt owed to them by foreigners than foreigners forgave debt owed to them by Americans?

• A) +$5 billion
• B) -$5 billion
• C) +$72 billion
• D) -$72 billion

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Definitions:

Laziness

A lack of willingness to act or exert effort, often resulting in inactivity or avoidance of work.

Thrifty Metabolism

A theory suggesting some individuals' bodies are more efficient at storing fat and using energy, historically advantageous but now possibly linked to obesity.

Food Shortages

Situations where the supply of food is insufficient to meet the demand, often resulting in hunger, malnutrition, and social unrest.

Set-Point

A theory suggesting that the body naturally maintains a certain weight by regulating feelings of hunger and metabolism.