Answer :
Based on the table the following describes the balance in that the current account is in deficit and the capital and financial account is in surplus. Its because the table gives the values of selected accounts in a nation's balance of payments in millions of dollars.
Explanation:
Surplus funds can be meant as the excess of some other recognized assets and cash that are equivalent in the natural course or expected to be resolved into cash of events and with a reasonable certainty, over the necessary and liabilities reserves at the same date.
Deficit can be meant as a situation that occurs when a government or an organization sphere experiences expenditure that is greater than its income. Deficit is a problem that is commonly experienced by many countries, especially developing countries.
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The table gives the values of selected accounts in a nation's balance of payments in millions of dollars. Based on the table, which of the following describes the balance in the current account and in the capital and financial account?
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