The net record of a country's international earnings less its international payments is its:
A) capital account.
B) current account.
C) Gross Domestic Product.
D) gross national income.

Question

Quizplus · Accepted Answer

The net record of a country's international earnings less its international payments is known as its current account. It includes the trade balance (exports minus imports), services balance (receipts from services rendered to foreigners minus payments for services received from foreigners), and direct transfers between countries.

The Net Record of a Country's International Earnings Less Its