Use the following to answer questions :
-(Table: Balance of Payment) Refer to the table Balance of Payments. The country's balance of payments on current account is:

Question

Use the following to answer questions : 
-(Table: Balance of Payment) Refer to the table Balance of Payments. The country's balance of payments on current account is:

Quizplus · Accepted Answer

The current account balance is calculated as the sum of the balance of trade (exports minus imports of goods), net income from abroad, and net current transfers. In the given table, the current account balance is -$355 billion, which means that the country has a deficit in its current account. Therefore, option D (-$355 billion) is the correct answer.

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