Economics 2281 · O Level · Current account of balance of payments

Current account of balance of payments — practice question

The table gives 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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