Question

In 2010, the $471 billion deficit on the U.S. current account was offset by a surplus of $255 billion on financial account. This difference is the result of:_________.

A. budget deficit.
B. statistical discrepancy.
C. trade deficit.
D. national debt.

Answer 1

B. statistical discrepancy.

Step-by-step explanation:

Since it is mentioned that the $471 million represents the deficit in the US current account i.e. counterbalanced by a surplus of $255 billion

So here the difference represents the statistical discrepancy

Therefore as per the given situation, the correct option is B

And, the rest of the options are wrong