If the United States exports $100 billion of goods and services and imports $150 billion of goods and services and there is no other factor income or transfers, the balance on the current account is:

Question

Quizplus · Accepted Answer

The current account balance is calculated as the sum of exports minus imports, which in this case is -$50 billion ($100 billion - $150 billion = -$50 billion).

If the United States Exports $100 Billion of Goods and Services