If Canadian exports of goods and services were $37 billion, imports of goods and services were $42 billion, transfers by Canadians to foreigners were $3 billion andtransfers from foreigners to Canadian citizens were $2 billion, then the current account balance would beO A. $4 billion.O B. - $6 billion.O C. $8 billionO D. $6 billion.O E. - $4 billion.

Current account Balance =( Export - Import) + Net factor income from abroad + Net Current transfer

f Canadian exports of goods and services were $37 billion, imports of goods and services were S42 billion, transfers by Canadians to foreigners were $3 billion and ransfers from foreigners to Canadian citizens were $2 billion, then the current account balance would be O A. $4 billion. о в. - $6 bilion. OC. $8 billion O D. $6 billion. O E. - $4 billion.

f Canadian exports of goods and services were $37 billion, imports of goods and services were S42 billion, transfers by Canadians to foreigners were $3 billion and ransfers from foreigners to Canadian citizens were $2 billion, then the current account balance would be O A. $4 billion. о в. - $6 bilion. OC. $8 billion O D. $6 billion. O E. - $4 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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