The current account is the sum of:

Question

Quizplus · Accepted Answer

The current account includes all international transactions of goods and services (net exports), income payments and receipts (net income from abroad), and unilateral transfers (net transfer payments from abroad). Therefore, the correct option is D, which includes all three components. Option A only includes income and transfers, not exports and imports, while option B only includes exports and imports, not income and transfers. Option C only includes net exports and transfers, but not net income from abroad.

The Current Account Is the Sum Of