Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

The current account of country X’s balance of payments includes these selected entries. • Country X exports $\$200\,\text{m}$ of goods. • Country X imports $\$50\,\text{m}$ of services. • Citizens of country Y who work in country X remit $\$25\,\text{m}$ to relatives at home. • Country X provides country Y with $\$75\,\text{m}$ in aid. By how much did country X’s current account balance rise?

  • A$\$50\,\text{m}$
  • B$\$100\,\text{m}$
  • C$\$200\,\text{m}$
  • D$\$350\,\text{m}$

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