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Table 201 -Refer to Table 20

Question 32

Multiple Choice

Table 20.1
 Current Account  ($)   Merchandise exports +1000 Merchandise imports +3000 Merchandise trade balance  Service exports +1500 Service imports +1000 Goods and services balance  Net investment income from abroad 100 Net unil ateral transfers 1,000 Current account balance \begin{array}{|l|c|}\hline \text { Current Account } & \text { (\$) } \\\hline \text { Merchandise exports } & +1000 \\\hline \text { Merchandise imports } & +3000 \\\hline \text { Merchandise trade balance } & \\\hline \text { Service exports } & +1500 \\\hline \text { Service imports } & +1000 \\\hline \text { Goods and services balance } & \\\hline \text { Net investment income from abroad }&100\\\hline \text { Net unil ateral transfers } &- 1,000 \\\hline \text { Current account balance } & \\\hline\end{array}
-Refer to Table 20.1,which shows a Balance of Payments account.What is the merchandise trade balance?


A) ?$1,500
B) ?$2,000
C) ?$2,400
D) ?$2,420
E) $500

Correct Answer:

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