Which of the following would increase the current account balance of the United States?
A)an increase in imports
B)an increase in the amount of money the U.S.government sends in foreign aid to other countries
C)an increase in the balance of trade
D)an increase in the amount of income U.S.companies pay out to foreigners who own investments in the United States.

Question

Quizplus · Accepted Answer

An increase in the balance of trade, meaning more exports than imports, would increase the current account balance of the United States by bringing more money into the country from abroad.

Which of the Following Would Increase the Current Account Balance