Question
In 2016, Country A exported$65 billion in goods and services and imported$30billion. Its exported income receipts and payments amounted to$17 billion, and the imported income
In 2016, Country A exported$65 billion in goods and services and imported$30billion. Its exported income receipts and payments amounted to$17 billion, and the imported income receipts were$22 billion. The value of exported unilateral transfers was$5 billion, and the value of the imported unilateral transfers was$2billion. In 2017, Country A's current account balance components remained the same, except for the value of the imported of goods, which decreased by$4billion, and the exported unilateral transfers, which increased by$3billion.
Calculate the current account balance for 2017. Write your answer below.
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