the balance of trade is $50 million and the balance of the capital account is-$40 million, what is the balance of the current account? Multiple Choice $10 million. -$10 million. $40 million. $50 million.

the balance of trade is $50 million and the balance of the capital account is-$40 million, what is the balance of the current account? Multiple Choice $10 million. -$10 million. $40 million. $50 million.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 6SCQ: The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What...

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Question

If the balance of trade is $50 million and the balance of the capital account is - $40 million, what is the balance of the current account?
Multiple Choice
$10 million.
$10 million.
$40 million.
$50 million..

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