Which of the following statements about the U.S.balance of payments in 2008 is true?
A)In the third quarter of 2008, the services account recorded a deficit of $25 million.
B)In the third quarter of 2008, the current account showed a surplus of $174, 091 million.
C)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a surplus of $171, 157 million.
D)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a deficit of $171, 157 million.
E)In the third quarter of 2008, the services account recorded a deficit of $38, 175 million.

Question

Quizplus · Accepted Answer

In the third quarter of 2008, the U.S. merchandise account typically showed a deficit, not a surplus, due to higher imports than exports.

Which of the Following Statements About the U