The current account balance consists of
A)the trade balance plus the services balance.
B)net exports of goods and services,minus net unilateral transfers.
C)net exports of goods and services,plus investment income from abroad,plus net unilateral transfers.
D)net exports of goods and services,plus investment income from abroad,plus net unilateral transfers,minus the capital account balance.

Question

Quizplus · Accepted Answer

The current account balance is the sum of net exports of goods and services, investment income from abroad, and net unilateral transfers. It does not include the capital account balance.

The Current Account Balance Consists of