-The data in the table above illustrates items from the U.S. balance of payments accounts. Given this information, the current account balance is
A) $140 billion.
B) $155 billion.
C) $170 billion.
D) -$45 billion.

Question

-The data in the table above illustrates items from the U.S. balance of payments accounts. Given this information, the current account balance is
A) $140 billion. 
B) $155 billion. 
C) $170 billion. 
D) -$45 billion.

Quizplus · Accepted Answer

The current account balance is the sum of the goods, services, and income accounts. In this case, the goods account is -$45 billion, the services account is $140 billion, and the income account is $15 billion. Therefore, the current account balance is $140 billion.

-The Data in the Table Above Illustrates Items from the U.S