Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

The table presents some information from a country’s balance of payments. This country has no secondary income (current transfers). The items listed are: exports of goods ($280 million), imports of goods ($350 million), exports of services ($110 million), imports of services ($60 million), and net primary income ($-40 million). What is the country’s balance on its current account?

  • Aa deficit of $60 million
  • Ba deficit of $160 million
  • Ca surplus of $20 million
  • Da surplus of $760 million

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