Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

The table lists a set of economic data for a country. Primary income (net income transfers): $1000\,\text{m}$ Secondary income (net current transfers): $-500\,\text{m}$ Total value of exported goods: $1000\,\text{m}$ Total value of imported goods: $2000\,\text{m}$ Total value of exported services: $800\,\text{m}$ Total value of imported services: $200\,\text{m}$ Calculate the current account balance for this country.

  • A$100\,\text{m}$
  • B$600\,\text{m}$
  • C$4500\,\text{m}$
  • D$4725\,\text{m}$

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