-The data in the table above are the U.S. balance of payments. What is the current account balance?

Question

Quizplus · Accepted Answer

The current account balance is the sum of the trade balance, the net income balance, and the net unilateral transfers balance. In this case, the trade balance is -$50 billion, the net income balance is -$25 billion, and the net unilateral transfers balance is -$75 billion. Therefore, the current account balance is -$150 billion.

-The Data in the Table Above Are the U