The current account balance is defined as

Question

Quizplus · Accepted Answer

The current account balance is the difference between a country's total exports of goods and services, plus net income from abroad, and its total imports of goods and services, plus net transfers. This is represented by the formula: current account balance = (exports - imports) + (net income from abroad) + (net transfers). Option B correctly represents this formula. Options A, C, and D do not account for all the elements involved in calculating the current account balance.

The Current Account Balance Is Defined as