Question : The current account balance is calculated as:
Option 1: Exports minus imports
Option 2: Exports plus imports
Option 3: Imports minus exports
Option 4: Imports plus exports
Answer (1)
24th Jan, 2024
Correct Answer: Exports plus imports
Solution : The correct answer is (b) Exports plus imports.
The current account balance represents the net balance of a country's trade in goods and services, income flows, and unilateral transfers with the rest of the world over a specific period. It is calculated by adding the value of exports and the value of imports.
Comments (0)
