Suppose that national saving is $1456 billion,investment is $1945 billion,and private saving is $1590 billion.How much is the current account balance?
A)$489 billion
B)$221 billion
C)-$221 billion
D)-$489 billion

Question

Quizplus · Accepted Answer

The current account balance is calculated as national saving minus investment. National saving is $1456 billion, and investment is $1945 billion. Therefore, the current account balance is $1456 billion - $1945 billion = -$489 billion.

Suppose That National Saving Is $1456 Billion,investment Is $1945 Billion,and