Question
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.
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
Refer to the table above. The figure for net transfers indicates that the United States:
Group of answer choices
a-Sent a net private transfer of $22 billion to the rest of the world
b-Received a net private transfer of $22 billion from the rest of the world
c-Sent a net public and private transfer of $22 billion in remittances to the rest of the world
d-Received a net public and private transfer of $22 billion from the rest of the world
Choose from the choices provided and please give a valid explanation for your choice. Answer asap.
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