country has the following items in its balance of payments: £ millions Exports of goods 120 Imports of services 60 Income flows and current transfers from abroad 80 Imports of goods 150 Exports of services 50 Income flows and current transfers going abroad 30 Its balance on trade in goods and services is a A) deficit of £30m B) deficit of £40m C) deficit of £20m D) surplus of £10 E) deficit of £10m
country has the following items in its balance of payments: £ millions Exports of goods 120 Imports of services 60 Income flows and current transfers from abroad 80 Imports of goods 150 Exports of services 50 Income flows and current transfers going abroad 30 Its balance on trade in goods and services is a A) deficit of £30m B) deficit of £40m C) deficit of £20m D) surplus of £10 E) deficit of £10m
Chapter18: International Finance
Section: Chapter Questions
Problem 1.1P
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Question
A country has the following items in its balance of payments:
|
£ millions |
Exports of goods |
120 |
Imports of services |
60 |
Income flows and current transfers from abroad |
80 |
Imports of goods |
150 |
Exports of services |
50 |
Income flows and current transfers going abroad |
30 |
Its balance on trade in goods and services is a
A) deficit of £30m
B) deficit of £40m
C) deficit of £20m
D) surplus of £10
E) deficit of £10m
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