Which of the following would increase the balance on the current account?
A)an increase in foreign direct investment
B)an increase in the amount of aid money the government sends abroad
C)an increase in imports
D)an increase in the balance of trade
E)an increase in the stock of Canadian patents

Question

Quizplus · Accepted Answer

An increase in the balance of trade (the difference between a country's exports and imports) would increase the balance on the current account, as a positive trade balance indicates that a country is exporting more than it is importing, contributing positively to its current account.

Which of the Following Would Increase the Balance on the Current