Table 18a 18.a -Refer to Table 18

question 145

Multiple Choice

Table 18.a
$$\begin{array}{l}\text { Table 18.a }\\\begin{array} { | l | c | } \hline \text { Current Account } & ( \$ ) \\\hline \text { Merchandise exports } & 500 \\\hline \text { Merchandise imports } & 200 \\\hline \text { Merchandise trade balance } & \\\hline \text { Service exports } & 400 \\\hline \text { Service imports } & 600 \\\hline \text { Goods and services balance } & \\\hline \text { Net investment income from abroad } & 50 \\\hline \text { Net unilateral transfers } & - 90 \\\hline \text { Current account balance } & \\\hline\end{array}\end{array}$$
-Refer to Table 18.a, which shows a balance-of-payments account. What is the current account balance?

• A) $300
• B) $100
• C) ?$300
• D) ?$100
• E) $60

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Definitions:

Income

The financial gain received by an individual or business, typically expressed as a total earnings or profit.

Price

The amount of money required to purchase a good or service, or the value that consumers are willing to pay for it.

Apples

Edible fruits with a sweet taste and crisp texture, coming in many varieties and colors like red, green, and yellow.

Utility Function

A mathematical representation of a consumer's preference ordering over a set of goods or outcomes, showing the level of satisfaction or utility derived from each.