Refer to the table below. If there was a net inflow of $7 billion in official reserves in the capital and financial account that year, the United States experienced a balance-of-payments:
The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars.
U.S. goods exports +$390
U.S. goods imports -498
U.S. service exports +133
U.S. service imports -107
Net investment income +12
Net transfers -22
Capital account -5
Foreign purchases of U.S. assets +156
U.S. purchases of foreign assets -59
A. Surplus of $7 billion
B. Deficit of $7 billion
C. Surplus of $99 billion
D. Deficit of $99 billion
A. Surplus of $7 billion
Economics