Consider the balance-of-payments accounting information for Lalaland in 2015 as shown in the table below.All values are in billions of dollars and any variables not provided below have a value of zero.
TABLE 34-1
-Refer to Table 34-1.What is the balance of payments for Lalaland in 2015?

Question

Consider the balance-of-payments accounting information for Lalaland in 2015 as shown in the table below.All values are in billions of dollars and any variables not provided below have a value of zero.
  TABLE 34-1
-Refer to Table 34-1.What is the balance of payments for Lalaland in 2015?

Quizplus · Accepted Answer

The balance of payments is the sum of the current account, capital account, and financial account. In a balanced scenario, these accounts should sum to zero, indicating that all transactions are accounted for.

Consider the Balance-Of-Payments Accounting Information for Lalaland in 2015 as Shown