Question 15
MediumOriginal questionA country's international transactions in a year:
| Item | $ billion |
|---|---|
| Exports of goods | 300 |
| Imports of goods | 450 |
| Exports of services | 200 |
| Imports of services | 100 |
| Net income from abroad | −20 |
| Net transfers (remittances, gifts) | 30 |
| Net foreign direct investment | 60 |
| Net portfolio investment | 40 |
| Net external borrowing | 30 |
What is the net balance on invisibles (services, income and transfers)?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Net services = 200 − 100 = 100.
Net invisibles = 100 + (−20) + 30 = $110 billion.
- Concept
- Net invisibles
- Typical timeTypical
- 70 s
- Your timeYours
- —
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