Consider the following data from the UK's national accounts in 2015. What is the UK's current account balance? Imports of goods & services 327,000 Net transfers 18.000 Exports of goods & services 422.000 Net interest 6,000 A. -107,000 B. -83,000 C. 119,000 D. 83.000

Consider the following data from the UK's national accounts in 2015. What is the UK's current account balance? Imports of goods & services 327,000 Net transfers 18.000 Exports of goods & services 422.000 Net interest 6,000 A. -107,000 B. -83,000 C. 119,000 D. 83.000

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 7SCQ: Why does the trade balance and the current account balance track so closely together over time?

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Consider the following data from the UK's national accounts in 2015. What is the UK's current account balance?
Imports of goods & services 327,000
Net transfers 18.000
Exports of goods & services 422,000
Net interest 6,000
A. -107,000
B. -83,000
C. 119,000
D. 83,000

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