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:
Verified
Q346: Which of the following equations represents the
Q347: If net exports is 100 and the
Q348: If net exports is a negative number,
Q349: The private sector surplus or deficit equals
A)
Q350: Suppose X - M = net exports;
Q352: The private sector balance is equal to
Q353: Hong Kong has imports of $1,130 billion
Q354: Net exports equals
A) the government sector balance
Q355: A net exports deficit or surplus equals
A)
Q356: Which of the following statements is INCORRECT?
A)
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