Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

The table lists a country's exports and imports. Exports of goods: $200$ $\text{m}$ Imports of goods: $190$ $\text{m}$ Exports of services: $35$ $\text{m}$ Imports of services: $38$ $\text{m}$ What was the country's balance of trade in goods and services?

  • Aa deficit of $\$7\text{ million}$
  • Ba deficit of $\$13\text{ million}$
  • Ca surplus of $\$7\text{ million}$
  • Da surplus of $\$13\text{ million}$

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