Economics · Balance of Payments Calculation
Consider the following external sector data for an economy: Merchandise exports: USD 300 billion Merchandise imports: USD 420 billion Net services receipts: USD 80 billion Net private transfers (remittances): USD 60 billion Net capital inflows: USD 50 billion Based on the information given above, consider the following statements: I. The trade balance reflects a deficit of USD 120 billion. II. The current account balance records a surplus of USD 20 billion. III. After accounting for capital inflows, the overall Balance of Payments shows a deficit of USD 70 billion. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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