The following table contains hypothetical data for Canada's balance of payments in a particular year. Exports of goods and services $160 Imports of goods and services $140 Primary income (investment income received from abroad) $15 Primary income (investment income paid from abroad) $25 Secondary income (Net transfers) $10 Foreign investment in Canada $220 Canadian investment abroad $240 Refer to the information above to answer this question. Which of the following reflects the state of Canada's capital account? Multiple Choice It has a deficit of $10 billion. It has a deficit of $20 billion. It has a surplus of $5 billion. It has a surplus of $30 billion.
The following table contains hypothetical data for Canada's balance of payments in a particular year. Exports of goods and services $160 Imports of goods and services $140 Primary income (investment income received from abroad) $15 Primary income (investment income paid from abroad) $25 Secondary income (Net transfers) $10 Foreign investment in Canada $220 Canadian investment abroad $240 Refer to the information above to answer this question. Which of the following reflects the state of Canada's capital account? Multiple Choice It has a deficit of $10 billion. It has a deficit of $20 billion. It has a surplus of $5 billion. It has a surplus of $30 billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The following table contains hypothetical data for Canada's balance of payments in a particular year.
| Exports of goods and services | $160 |
| Imports of goods and services | $140 |
| Primary income (investment income received from abroad) | $15 |
| Primary income (investment income paid from abroad) | $25 |
| Secondary income (Net transfers) | $10 |
| Foreign investment in Canada | $220 |
| Canadian investment abroad | $240 |
Refer to the information above to answer this question. Which of the following reflects the state of Canada's capital account?
Multiple Choice
-
It has a deficit of $10 billion.
-
It has a deficit of $20 billion.
-
It has a surplus of $5 billion.
-
It has a surplus of $30 billion.
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