The following table contains data for the U.S. balance of payments in a prior year. Answer the question on the basis of this information. All figures are in billions of dollars.
U.S. goods exports +$793
U.S. goods imports -1573
U.S. exports of service +280
U.S. imports of services -222
Net investment income +5
Net transfers -81
Capital account -5
Foreign purchases of assets in the U.S. +1198
U.S. purchases of foreign assets -395
By how much did Americans forgive debt owed to them by foreigners than foreigners forgave debt owed to them by Americans?
A. +$5 billion
B. -$5 billion
C. +$72 billion
D. -$72 billion
B. -$5 billion
You might also like to view...
If the CPI is 120, this means that
A) prices are 120 percent higher than in the reference base period. B) prices are 0.12 times higher than in the reference base period. C) prices are 20 percent higher than in the reference base period. D) the inflation rate must be positive.
A perfectly competitive firm's short-run supply curve is the same as its
A) ATC curve. B) MR curve. C) AVC curve. D) MC curve above the minimum of the AVC curve.