Scenario: The table below shows the payments received from foreigners by the residents of Country Y and the payments made to foreigners by the residents of Country Y during a certain year.

-Refer to the scenario above.Country Y's net factor payments from abroad equal ________.

Question

Scenario: The table below shows the payments received from foreigners by the residents of Country Y and the payments made to foreigners by the residents of Country Y during a certain year.
 
-Refer to the scenario above.Country Y's net factor payments from abroad equal ________.

Quizplus · Accepted Answer

Country Y's net factor payments from abroad are equal to the difference between its factor income received from abroad and its factor income paid to abroad. In this case, Country Y's factor income received from abroad is $25 billion and its factor income paid to abroad is $5 billion. Therefore, Country Y's net factor payments from abroad are $25 billion - $5 billion = $20 billion.

Scenario: the Table Below Shows the Payments Received from Foreigners