O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2022 · Q271 Mark
The table shows some details from a country's balance of payments. The country has no secondary income (current transfers). item | $ million exports of goods | 280 imports of goods | 350 exports of services | 110 imports of services | 60 net primary income | –40 What is the country's balance on its current account?
Adeficit of $60 million
Bdeficit of $160 million
Csurplus of $20 million
Dsurplus of $760 million
✓ Correct answer
A: deficit of $60 million
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