ider the following hypothetical information on the national income account for Canada. Category Billions of $ Consumption spending 400 Investment spending 50 Government spending on goods & services 80 Exports 230 Imports 80 Factor income receipts from abroa

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter25: Taxation Of International Transactions
Section: Chapter Questions
Problem 4RP
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Q1-2

Consider the following hypothetical information on the national income account for Canada.

Category Billions of $
Consumption spending 400
Investment spending 50
Government spending on goods & services 80
Exports 230
Imports 80
Factor income receipts from abroad 20
Factor income payments abroad 10
Net unilateral transfers 5



What is Canada's current account?
 
a. $165
b. $150
c. $15
d. $695
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