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Suppose that the Current Account for the country of Tradebilia is as follows: Goods Exports: $420 billion Goods Imports: $370 billion Service Exports: $280 billion
Suppose that the Current Account for the country of Tradebilia is as follows: Goods Exports: $420 billion Goods Imports: $370 billion Service Exports: $280 billion Service Imports: $250 billion Net Unilateral Transfers: - $20 billion Net Foreign Income: + $10 billion Based on this information, what is the current account in Tradebilia? Select one: a. 0 (balanced account) b. + $10 billion (surplus) c. + $30 billion (surplus) d. + $50 billion (surplus) e. + $70 billion (surplus)
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