If the balance on the current account is $8.42 billion and the balance on the financial account is $7.53 billion, what is the balance on the capital account, assuming no statistical discrepancy? A) $0 billion B) $0.89 billion C) -$0.89 billion D) -$15.95 billion
If the balance on the current account is $8.42 billion and the balance on the financial account is $7.53 billion, what is the balance on the capital account, assuming no statistical discrepancy? A) $0 billion B) $0.89 billion C) -$0.89 billion D) -$15.95 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![If the balance on the current account is $8.42 billion and the balance on the financial
account is $7.53 billion, what is the balance on the capital account, assuming no
statistical discrepancy?
A) $0 billion
B) $0.89 billion
C) -$0.89 billion
D) -$15.95 billion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feda21cee-a8da-4554-ab8e-5e88f8c10874%2Fcabf26d6-fdf7-4302-8e87-ccbbae7c4d3f%2Fpllc6b_processed.png&w=3840&q=75)
Transcribed Image Text:If the balance on the current account is $8.42 billion and the balance on the financial
account is $7.53 billion, what is the balance on the capital account, assuming no
statistical discrepancy?
A) $0 billion
B) $0.89 billion
C) -$0.89 billion
D) -$15.95 billion
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