Refer to the given data. Item (5) indicates:
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. that the United States' current account was in surplus.
B. the size of the net inflow of foreign investment to the United States that occurred in 2012.
C. the net amount Americans received as interest and dividends on existing U.S. investments abroad.
D. the net amount Americans paid as interest and dividends on existing foreign investments in
the United States.
C. the net amount Americans received as interest and dividends on existing U.S. investments abroad.
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There is equilibrium in the market when:
A) there is no shortage. B) there is no surplus. C) price is established where the supply curve and the demand curve intersect. D) all of the above are true.
Between 1998 and 2001, the federal budget was:
a. never in surplus. b. in surplus about as often as it was in deficit. c. in surplus. d. never in deficit.