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Balance of Payments · Question 41 of 53

Question 41

MediumOriginal question

A country's current account balance is $+20 billion and its balance of trade is $−30 billion. Its net invisibles are

Options for question 41

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Current account = BoT + net invisibles, so net invisibles = 20 − (−30) = $+50 billion.

Concept
Working back to invisibles
Typical time
70 s
Your time
—
The rule this testsBalance of trade and current account balance
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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

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