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.Which of the following is likely to be true in this case?
A) There will be a deficit in Country Y's financial account.
B) There will be a surplus in Country Y's financial account.
C) Country Y's economy will go into a recession.
D) Country Y's terms of trade will improve.
Correct Answer:
Verified
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