Question
The following table presents Mexico's balance of payment for Q3 2017. The units are billions of US dollars. A. Mexico had a trade surplus in
The following table presents Mexico's balance of payment for Q3 2017. The units are billions of US dollars.
A. Mexico had a trade surplus in goods and services partly because Mexico exported more goods and services to the US than their imports from the US.
B. The Secondary Income Balance indicates that Mexico sent more remittances abroad than it received from abroad.
C. The Direct Investment Balance shows that Mexico received more FDI inflows than its outbound FDI.
D. The positive number in Other Investment indicates that Mexico's borrowing from other countries was more than Mexico's lending to other countries.
Mexico: 2017 Q3 Balance of Payment (Billions of US$) Current Account -6 Goods and Services -10 Primary Income Balance (e.g., coupon payments, dividends) Secondary Income Balance (e.g., remittance) Capital Account Financial Account Direct Investment Balance (i.e., FDI) Portfolio Investment Balance (e.g., equity, debt securities) Other Investment (e.g., bank loans) Net Errors and Omissions Reserves and Other Related ItemsStep by Step Solution
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