Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

What is the correct formula used to calculate the current account of the balance of payments?

  • Abalance of trade in goods + balance of trade in services + primary income balance + secondary income balance
  • Bgovernment revenue from abroad - domestic government spending
  • Cpercentage change in quantity demanded of exports \div percentage change in price of imports
  • Dtotal exports of services + total imports of goods

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