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

Current account of balance of payments — practice question

Country X shows the following selected items in its balance of payments current account. • Country X sells $200\,$m worth of goods to other countries. • Country X buys $50\,$m worth of services from overseas. • Citizens of country Y who are employed in country X remit $25\,$m back to relatives. • Country X gives country Y $75\,$m in aid. By what amount did country X’s current account balance rise?

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

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