Exports S750 Imports S600 Net income from abroad -S225 Net unilateral transfers S30 Based on the data above, what is the current account and financial/capital account balance? The current account is in deficit, and the financial/capital account is in surplus. The current account and financial/capital account are both in deficit. The current account and financial/capital account are both in surplus. The current account is zero, and the financial/capital account is in surplus.
Exports S750 Imports S600 Net income from abroad -S225 Net unilateral transfers S30 Based on the data above, what is the current account and financial/capital account balance? The current account is in deficit, and the financial/capital account is in surplus. The current account and financial/capital account are both in deficit. The current account and financial/capital account are both in surplus. The current account is zero, and the financial/capital account is in surplus.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Exports
$750
Imports
$600
Net income from abroad -$225
Net unilateral transfers
$30
Based on the data above, what is the current account and financial/capital account balance?
The current account is in deficit, and the financial/capital account is in surplus.
The current account and financial/capital account are both in deficit.
The current account and financial/capital account are both in surplus.
The current account is zero, and the financial/capital account is in surplus.
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