Exchange Rates and the Balance of Payments (id: d9255858b)

本题目来源于试卷: Exchange Rates and the Balance of Payments，类别为 IB经济学

[单选题]

	US$ (millions)
Imports of services	500
Exports of goods	450
Net capital transfers	45
Imports of goods	120

Calculate the balance on the current account from the table above.

A. − 170 million
B. 115 million
C. 375 million
D. − 125 million


参考答案:  A


本题详细解析:

A

$\underset{‾}{\text{Explanation}}$:
The current account is the sum of the following values:

• exported goods - imported goods
• exported services - imported services
• net current transfers
• net incomes

Plugging in the given values:

Balance on current account $=450-120-500=-\text{\$}170million$

The following options apply the formula incorrectly and include the capital transfers (a component of the capital account):

• Option B is calculated as $450-500+120+45$
• Option C is calculated as $450-120+45$
• Option D is calculated as $450-120-500+45$

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