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O-LevelEconomicsInternational trade and globalisation2281/13 · Oct/Nov 2024 · Q301 Mark

Country X records these selected items in the current account of its balance of payments. • Country X exports $200m of goods. • Country X imports $50m of services. • Country Y's citizens working in country X send home to relatives $25m. • Country X sends country Y $75m of aid. By how much did the balance on the current account of country X increase?

A$50m
B$100m
C$200m
D$350m

✓ Correct answer

A: $50m

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About this question

Topic
International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 30.

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