The balance of goods and services plus net unilateral transfers is called the
A)trade balance.
B)balance on capital account.
C)balance on current account.
D)balance of payments.

Question

Quizplus · Accepted Answer

The balance of goods and services plus net unilateral transfers is called the balance on current account, which measures the net flow of goods, services, and unilateral transfers into and out of a country. The balance of payments is a broader measure of all economic transactions between residents of one country and residents of all other countries over a certain period of time, including the current account, capital account, and financial account.

The Balance of Goods and Services Plus Net Unilateral Transfers