Use the table below to answer the following questions.
Table 9.4.1

-Refer to Table 9.4.1.If the official settlement balance was in balance every year, for which year or years can you say for sure there was a current account surplus?
A)years 2 and 3
B)years 3 and 4
C)year 4 only
D)years 1 and 2
E)year 2 only

Question

Use the table below to answer the following questions.
Table 9.4.1
 
-Refer to Table 9.4.1.If the official settlement balance was in balance every year, for which year or years can you say for sure there was a current account surplus?
A)years 2 and 3 
B)years 3 and 4 
C)year 4 only 
D)years 1 and 2 
E)year 2 only

Quizplus · Accepted Answer

In a situation where the official settlement balance is in balance, a current account surplus occurs when the financial account balance is positive. Looking at the table, we can see that the financial account balance is positive in year 4, indicating a current account surplus. Therefore, we can say for sure that there was a current account surplus in year 4 only.

Use the Table Below to Answer the Following Questions