ider the following hypothetical information on the national income account for Canada. Category Billions of $ Consumption spending 400 Investment spending 50 Government spending on goods & services 80 Exports 230 Imports 80 Factor income receipts from abroa
ider the following hypothetical information on the national income account for Canada. Category Billions of $ Consumption spending 400 Investment spending 50 Government spending on goods & services 80 Exports 230 Imports 80 Factor income receipts from abroa
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Q1-2
Consider the following hypothetical information on the national income account for Canada.
What is Canada's current account?
| Category | Billions of $ |
| Consumption spending | 400 |
| Investment spending | 50 |
| Government spending on goods & services | 80 |
| Exports | 230 |
| Imports | 80 |
| Factor income receipts from abroad | 20 |
| Factor income payments abroad | 10 |
| Net unilateral transfers | 5 |
What is Canada's current account?
a. $165
b. $150
c. $15
d. $695
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