Which of the following is not considered a resident when calculating the balance of payments?

The railroad companies of Pacific Union and Central Pacific were both built with massive government subsidies often on a per-mile basic in the late 19th century, which created railroad monopolies. Both failed soon after completion of their lines

The Great Northern railroad took much longer to build since it was completed without government subsidies. It turned out to be much more successful than either Pacific Union or Central Pacific. What could account for this apparent disparity?

The short-run aggregate supply curve slopes upward as a result of the real balance effect, the interest rate effect, and the international trade effect

Indicate whether the statement is true or false