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
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.
Question : In national income accounting, net exports refer to ______.
Question : The balance of payments is divided into which three main components?
Question : The current account includes the balance of trade in goods, balance of trade in _______________and ____________transactions.
Question : When a country experiences a depreciation in its currency, it will likely have a positive impact on its:
Question : The balance of payments is a systematic record of a country's:
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