If net interest and net transfers are $0, and a nation's purchases of foreign goods and services are
$3)5 billion while its sales of goods and services to foreigners are $4.5 billion,

Question

Quizplus · Accepted Answer

The current account balance is calculated as exports minus imports. Here, exports are $4.5 billion and imports are $3.5 billion, resulting in a $1 billion surplus in the current account.

If Net Interest and Net Transfers Are $0, and a Nation's