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The Following Table Contains Hypothetical Data for the 2012 U

Question 36

Multiple Choice

The following table contains hypothetical data for the 2012 U.S.balance of payments.Answer the question on the basis of this information.All figures are in billions of dollars.  1)  US Goods Exports +$1002)  US Goods Imports 803)  US Service Exports +404)  US Service Imports 90 5)  Net Investment Income +20 6)  Net Transfers 157)  Foreign Purchases of Assets in the United States +308)  US Purchases of Foreign Assets Abroad 10 9)  Balance on Capital Account +5\begin{array}{lrrr} \text { 1) US Goods Exports } & +\$100\\ \text {2) US Goods Imports } &-80\\ \text {3) US Service Exports } &+40\\ \text {4) US Service Imports } &-90\\ \text { 5) Net Investment Income } &+20\\ \text { 6) Net Transfers } &-15\\ \text {7) Foreign Purchases of Assets in the United States } &+30\\ \text {8) US Purchases of Foreign Assets Abroad } &-10\\ \text { 9) Balance on Capital Account } &+5\\\end{array}
Refer to the given data.The United States' balance on financial account is a:


A) $20 billion surplus.
B) $15 billion surplus.
C) $30 billion deficit.
D) $20 billion deficit.

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