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Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 27

9708Current account of the balance of payments

The table shows an extract from a country's balance of payments. | | exports $ billion | imports $ billion | |---|---|---| | trade in goods | 150 | 200 | | trade in services | 70 | 50 | | primary (investment) income | 120 | 100 | | secondary (transfer) income | 15 | 20 | What is the current account balance?

  1. A–$10bn
  2. B–$15bn
  3. C–$30bn
  4. D–$50bn

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Correct answer: B. –$15bn

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