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Question

Based on Table 1, the balance on the current account is:

Table 1

Exports of goods and services1000Imports of goods and services800Net change in assets owned abroad500Net change in foreign owned assets at home400Unilateral transfers received100Unilateral transfers paid200Investment income paid to foreigners300Investment income received from foreigners400


A

+100

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B

+200

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C

0

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D

-100

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Solution

The correct option is B

+200


Current account balance looks at exports and imports of goods and services and unilateral transfers to and from abroad, as well as investment income.

Current account balance = (1000 - 800) + (100 - 200) + (400 - 300) = 200


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