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Economics (AS & A Level) · Oct / Nov 2024 · Paper 12 · Question 29

9708Current account of the balance of payments

Turkey imported $220 million worth of goods and services. Turkey exported $12 million worth of goods and services during the same period. Its net income was –$15 million. What is Turkey's current account balance?

  1. A–$223 million
  2. B–$217 million
  3. C+$208 million
  4. D+$247 million

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Correct answer: A. –$223 million

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