The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars. Refer to the above data.In 2013, Transylvania was a net recipient of transfers from the rest of the world.

Question

The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars.  Refer to the above data.In 2013, Transylvania was a net recipient of transfers from the rest of the world.

Quizplus · Accepted Answer

The current transfers section of the balance of payments statement shows a positive balance of 5 billion dollars, indicating that Transylvania received more transfers from the rest of the world than it sent out. Therefore, Transylvania was a net recipient of transfers.

The Following Table Shows the Balance of Payments Statement of Transylvania