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The Table Given Below Reports the Value of Various International

Question 45

Multiple Choice

The table given below reports the value of various international transactions in Germany for the year 2011. The negative sign denotes the outflow of euros from Germany.
Table 6.1
 German 2010 Transactions  Millions of Euros  Capital Inflows 1,420 Exports of Goods 750 Imports of Services 430 Investment Income Receipts 400 Investment Income Payments 670 Unilateral Transfers 470 Exports of Services 340 Imports of Goods 790 Capital Outflows 920\begin{array}{|l|c|}\hline \text { German 2010 Transactions } & \text { Millions of Euros } \\\hline \text { Capital Inflows } & € 1,420 \\\hline \text { Exports of Goods } & € 750 \\\hline \text { Imports of Services } & -€ 430 \\\hline \text { Investment Income Receipts } & € 400 \\\hline \text { Investment Income Payments } & € 670 \\\hline \text { Unilateral Transfers } & -€ 470 \\\hline \text { Exports of Services } & € 340 \\\hline \text { Imports of Goods } & -€ 790 \\\hline \text { Capital Outflows } & -€ 920 \\\hline\end{array}
-Refer to Table 6.1. Calculate the current account balance for Germany for the year 2011.


A) -€1,720
B) €500
C) -€870
D) €784
E) -€650

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