Refer to the given data. The U.S. balance on current account is a:
The following table contains hypothetical data for the 2012 U.S. balance of payments. Answer the question on the basis of this information. All figures are in billions of dollars.
A. $40 billion surplus.
B. $25 billion deficit.
C. $25 billion surplus.
D. $30 billion deficit.
B. $25 billion deficit.
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In the above figure, point A is ________, and point B is ________
A) attainable, attainable B) attainable, unattainable C) unattainable, attainable D) unattainable, unattainable
An example of an import of a service in the U.S. balance of payments would be when
A) an U.S. resident purchases a Japanese stereo. B) a Norwegian traveling in the United States rides a trolley car in San Francisco. C) a U.S. resident buying insurance from a firm in Toronto. D) a U.S. firm purchases 100 shares of a Dutch firm.