The current account balance equals:
A)exports of goods - imports of goods + net primary income + net secondary income.
B)exports of services - imports of services + net primary income + net secondary income.
C)balance of trade on goods and services + net primary income + net secondary income.
D)exports of services - imports of services + balance of trade on goods and services + net secondary income.

Question

Quizplus · Accepted Answer

The current account balance is the sum of the balance of trade on goods and services, net primary income (income from foreign investments minus payments made to foreign investors), and net secondary income (transfers of money between countries that are not for the purchase of goods or services, such as remittances).

The Current Account Balance Equals