A nation's current account balance is equal to its exports less its imports of

A) goods and services.
B) goods and services, minus U.S. purchases of assets abroad.
C) goods and services, plus net investment income and net transfers.
D) goods and services, plus foreign purchases of assets in the United States.

Current Account Balance

A measure of a country's trade, earnings on foreign investments minus payments to foreign investors, and cash transfers, over a period.

Goods And Services

The combination of tangible products (goods) and intangible activities (services) offered in the marketplace.

Net Transfers

The difference between the total transfers into an economy, such as remittances and foreign aid, and the total transfers out.