Refer to the given data. The United States has a balance of goods:
The following table contains hypothetical data for the 2012 U.S. balance of payments. Answer the question on the basis of this information. All figures are in billions of dollars.
A. deficit of $10 billion.
B. surplus of $30 billion.
C. deficit of $30 billion.
D. surplus of $20 billion.
D. surplus of $20 billion.
You might also like to view...
Abstraction can lead to gross distortions of pertinent facts
a. True b. False Indicate whether the statement is true or false
Suppose the supply and demand of corn both increase. As a result, what will happen to the equilibrium price and equilibrium quantity in the market?
The discount rate is sometimes also known as the primary credit rate
Indicate whether the statement is true or false
If the PCE deflator increased from 88 to 99 in one year, the rate of consumer inflation is:
A. 10.0 percent. B. 12.5 percent. C. 13.4 percent. D. 11.0 percent.