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Uruguay's Balance of Payments. Use the following Uruguay balance of payments data from the IMF (all items are for the current account) to answer questions

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Uruguay's Balance of Payments. Use the following Uruguay balance of payments data from the IMF (all items are for the current account) to answer questions 6 through 9. Assumptions (millions of US dollars) 2011 Goods: exports Goods: imports Balance on goods 2,383.8 3.311.1 Services: credit Services: debit Balance on services 1,275.7 881.8 Income: credit Income: debit Balance on income 781.5 841.8 Current transfers: credit Current transfers: debit Balance on current transfers 48.0 20.5 6. What is Uruguay's balance on goods? W a.-650.3 b. 650.3 c.-927.3 d. 927.3 7. What is Uruguay's balance on services? a-768.3 b. 768.3 c. -393.9 d. 393.9 8. What is Uruguay's balance on goods and services? a. 5334 b. -533.4 c. -647.4 d. 647.4 9. What is Uruguay's current account balance? a. 523.9 b. -523.9 c. 566.2 d. -566.2

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