Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the data table to answer the question that follows. Exports $550 billion Imports $350 billion Bonds purchased from abroad $250 billion Financial capital inflow

Use the data table to answer the question that follows.

Exports $550 billion
Imports $350 billion
Bonds purchased from abroad $250 billion
Financial capital inflow $50 billion

From the data given in the table, which one of the following statements is true?

A. The country has a balance of trade surplus.

B. The country has a balance of trade deficit.

C. The country's balance of payments is in disequilibrium.

D. The country's current account balance is zero.

E. The country's financial account is in surplus.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Society, Economy, Religion And Festivals Of Tiwas In Assam

Authors: Bandana Baruah

1st Edition

9351288633, 9789351288633

More Books

Students also viewed these Economics questions

Question

=+a) Find the EV for his actions.

Answered: 1 week ago