The current account balance is equal to

Question

Quizplus · Accepted Answer

The current account balance is primarily composed of the trade balance (exports minus imports of goods and services), net income from abroad, and net current transfers. This is most closely represented by option C, which includes the trade balance and unilateral transfers, essentially capturing the essence of the current account's components. Options A, B, and D incorrectly describe the components or mix up the current account with other accounts like the capital account.

The Current Account Balance Is Equal to