Economics (AS & A Level) · Oct / Nov 2023 · Paper 11 · Question 26
9708Current account of the balance of payments
A Kenyan banker who lives and works in India sends 15% of their wage back to Kenya every month. What would be the change in the current account components for either country?
- Aa fall in secondary income for India
- Ban increase in the balance of trade in services for Kenya
- Can increase in the current account surplus for India
- Dan increase in primary income for Kenya
As printed in the paper
Show the answer
Correct answer: A. a fall in secondary income for India
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.