The current account balance is equal to

Name: The current account balance is equal to
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Question

Quizplus · Accepted Answer

The current account balance is the sum of the trade balance (exports - imports) and unilateral transfers (gifts or grants from one country to another). Therefore, choice C, "The trade balance plus unilateral transfers," is the correct answer. Choices A and B are incorrect because they only include the trade balance and do not account for unilateral transfers.

The Current Account Balance Is Equal to