Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

The table gives data from a country’s current account within its balance of payments. Exports of goods: $20$ ($\text{billion}$) Imports of goods: $24$ ($\text{billion}$) Net services: $+5$ ($\text{billion}$) Net primary income: $-8$ ($\text{billion}$) Net secondary income: $-8$ ($\text{billion}$) What is the country’s current account balance?

  • A$+1\ \text{billion}$
  • B$-4\ \text{billion}$
  • C$-7\ \text{billion}$
  • D$-15\ \text{billion}$

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