Solved

The Country of Pimm Exports $500 Billion Worth of Goods

Question 351

Multiple Choice

The country of Pimm exports $500 billion worth of goods and services and imports $400 billion worth of goods and services. Net interest income paid abroad is $50 billion and net transfers are
$0. The current account balance is________ .


A) $175 billion
B) $25 billion
C) $50 billion
D) $975 billion

Correct Answer:

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