When net unilateral transfers are added to the net exports of goods and services, the result is called the

Question

Quizplus · Accepted Answer

Net exports of goods and services measures the difference between a country's exports and imports of goods and services. When net unilateral transfers are added to this, the result is the balance on current account, which measures a country's transactions with the rest of the world in goods, services, income, and current transfers.

When Net Unilateral Transfers Are Added to the Net Exports