Country X-2013 Transactions (billions of dollars)

-In the above table, the balance on the current account for Country X is ________ billion dollars.

Question

Country X-2013 Transactions (billions of dollars)
 
-In the above table, the balance on the current account for Country X is ________ billion dollars.

Quizplus · Accepted Answer

The current account balance is calculated as the sum of transactions on the goods and services balance, income balance, and current transfers balance. Without knowing the specific transactions, we can see that the total of all transactions in the table is negative, indicating that there is an overall deficit. Therefore, the balance on the current account for Country X is negative. The only option that is negative is A, -85 billion dollars.

Country X-2013 Transactions (Billions of Dollars)