Use the following to answer questions: Table: Balance of Payments Accounts $$\begin{array} { l c }
\hline \text { ITEM } & \text { DOLLAR VALUE } \
\hline \text { Exports } & \$ 300 \mathrm {~m} \
\text { Imports } & \$ 620 \mathrm {~m} \
\text { Net income on capital held abroad } & \$ 35 \mathrm {~m} \
\text { Foreign aid received } & \$ 100 \mathrm {~m} \
\text { Foreign direct investment } & \$ 120 \mathrm {~m} \
\text { Portfolio investment } & \$ 50 \mathrm {~m} \
\text { Other investment } & \$ 50 \mathrm {~m} \
\hline
\end{array}$$
-(Table: Balance of Payment Accounts) According to the data in this table, what is the current account balance for this country?

Question

Use the following to answer questions: Table: Balance of Payments Accounts $$\begin{array} { l c } 
\hline \text { ITEM } & \text { DOLLAR VALUE } \
\hline \text { Exports } & \$ 300 \mathrm {~m} \
\text { Imports } & \$ 620 \mathrm {~m} \
\text { Net income on capital held abroad } & \$ 35 \mathrm {~m} \
\text { Foreign aid received } & \$ 100 \mathrm {~m} \
\text { Foreign direct investment } & \$ 120 \mathrm {~m} \
\text { Portfolio investment } & \$ 50 \mathrm {~m} \
\text { Other investment } & \$ 50 \mathrm {~m} \
\hline
\end{array}$$
-(Table: Balance of Payment Accounts) According to the data in this table, what is the current account balance for this country?

Quizplus · Accepted Answer

The current account balance is calculated as exports ($300m) minus imports ($620m) plus net income on capital held abroad ($35m) plus foreign aid received ($100m), which equals -$185 million.

Use the Following to Answer Questions: Table: Balance of Payments