-The data in the table above are the U.S. balance of payments. The current account balance is
A) $140 billion.
B) $155 billion.
C) $170 billion.
D) -$45 billion.

Question

-The data in the table above are the U.S. balance of payments. 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 and services balance, the income balance, and the unilateral transfers balance. In this case, the goods and services balance is -$45 billion, the income balance is $155 billion, and the unilateral transfers balance is $0 billion. Therefore, the current account balance is $155 billion.

-The Data in the Table Above Are the U