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
Refer to Table 6.1.The statistical discrepancy in the balance of payments accounts for Germany in the year 2011 is:
A)€525.
B)-€800.
C)€250.
D)-€125.
E)-€370.

Question

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
 Refer to Table 6.1.The statistical discrepancy in the balance of payments accounts for Germany in the year 2011 is:
A)€525. 
B)-€800. 
C)€250. 
D)-€125. 
E)-€370.

Quizplus · Accepted Answer

The statistical discrepancy is calculated as the difference between the overall balance of payments and the sum of the current and capital accounts. In this case, the overall balance of payments is -€60, the current account balance is €230 and the capital account balance is -€640, giving a total of -€410. Therefore, the statistical discrepancy is the difference between -€410 and the reported overall balance of payments of -€40, which is -€370.

The Table Given Below Reports the Value of Various International