Calculating Balance Of Payments
Based on the provided data, what is the balance of payments?
Foreign investment in the domestic sector = $1,000,000
Domestic investment in the foreign sector = $500,000
Exports = $1,000,000
Imports = $2,000,000
A
$500,000 deficit
B
$1,000,000 surplus
C
$500,000 surplus
D
$1,000,000 deficit
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