Answer the question on the basis of the following 2012 balance of payments data

Question

Answer the question on the basis of the following 2012 balance of payments data (+ and-) for the hypothetical nation of Zabella. All figures are in billions of dolla Current Account 1) Goods Exports 2) Goods Imports 3) Exports of Services 4) Imports of Services 5) Net Investment Income 6) Net Transfers Financial Account 7) Foreign Purchases of Assets in the United States13 8) US Purchases of Assets Abroad +$80 -70 +20 -25 -23 Capital Account 9) Balance on Capital Account +5 Refer to the given date. Zabella's balance on goods and services shows a O $10 billion surplus O $15 billion deficit. O $5 billion deficit. $5 billion surplus. 0 Type here to search

Explanation / Answer

Correct Answer:

D

Working note:

Balance of goods and services = (80+20) – (70+25)

Balance of goods and services = $5 Billion and it is a surplus

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