Practicing Success
On the basis of the above table, the Current Account Balance will be _____________. |
+ 36 million USD -26 million USD - 36 million USD + 26 million USD |
-26 million USD |
The correct answer is option (2) : -26 million USD To calculate the Current Account Balance, we sum of the values of exports and invisibles (non-factor services, income, and transfers) and then subtract imports. Current Account Balance = (Exports + Invisibles ) - Imports Current Account Balance = (180 + (40 - 20 + 34)) - 260 Current Account Balance = 234 - 260 Current Account Balance = - 26 Therefore, the correct answer is : - 26 million USD |