Table 10.1 gives hypothetical figures for U.S.International Transactions.
Table 10.1.U.S.International Transactions

-Referring to Table 10.1,the current account balance equals:
A) $5 billion
B) $10 billion
C) $15 billion
D) $20 billion

Question

Table 10.1 gives hypothetical figures for U.S.International Transactions.
Table 10.1.U.S.International Transactions
 
-Referring to Table 10.1,the current account balance equals:
A) $5 billion 
B) $10 billion 
C) $15 billion 
D) $20 billion

Quizplus · Accepted Answer

The current account balance is the difference between exports and imports. In Table 10.1, exports are $25 billion and imports are $20 billion. Therefore, the current account balance is $25 billion - $20 billion = $5 billion.

Table 10.1 Gives Hypothetical Figures for U.S.International Transactions