If the Value of Goods and Services Exported from Australia

question 124

Multiple Choice

If the value of goods and services exported from Australia is smaller than the value of goods and services imported, then:

• A)Australia's balance of payments will be in deficit.
• B)Australia's balance of trade on goods and services will be in deficit.
• C)Australia will have a current account surplus.
• D)Australia will have a financial account deficit.

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