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Economics · May / June 2024 · Paper 12 · Question 30

2281Current account of the balance of payments

The table shows components of Japan's current account balance in trillion yen (¥) for 2 years. | year | balance of goods ¥ trillion | balance of services ¥ trillion | balance of primary income ¥ trillion | balance of secondary income ¥ trillion | |---|---|---|---|---| | 1 | –1.61 | –1.76 | 14.04 | –1.11 | | 2 | –5.23 | –2.33 | 13.55 | –1.02 | Which balance improved between year 1 and year 2?

  1. Abalance of goods
  2. Bbalance of primary income
  3. Cbalance of secondary income
  4. Dbalance of services

As printed in the paper

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Correct answer: C. balance of secondary income

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