Which of the following statements about the U.S. balance of payments in 2013 is true?
a. In the third quarter of 2013, the services account recorded a deficit of $25 million.
b. In the third quarter of 2013, the current account showed a surplus of $174,091 million.
c. In the third quarter of 2013, the merchandise account showed a surplus of $179,457 million.
d. In the third quarter of 2013, the merchandise account showed a deficit of $179,457 million.
e. In the third quarter of 2013, the services account recorded a deficit of $38,175 million.
d
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The slope of an indifference curve reveals:
A) that preferences are complete. B) the marginal rate of substitution of one good for another good. C) the ratio of market prices. D) that preferences are transitive. E) none of the above
Describe the role of the Federal Deposit Insurance Corporation (FDIC)