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marmech12 marmech12
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3 weeks ago
The Balance of Payments


Exports of Goods and Services $10​
Imports of Goods and Services11​
Net Income on Investments1​
Net Transfers-3​
Increase in Foreign Holdings of Assets in the United States4​
Increase in U.S. Holdings of Assets in Foreign Countries3​
All data in the table are in billions of U.S. dollars

Based on the data in the table, what is the balance on the current account?

▸ $26 billion

▸ -$1 billion

▸ $1 billion

▸ -$3 billion
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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daoneandonly300daoneandonly300
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-$3 billion

The balance on the current account = exports of goods and services - imports of goods and services + net income on investments + net transfers.
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