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(Table) the Current Account Balance Is A) -$650 Billion

Question 13

Multiple Choice

(Table) The current account balance is:  Balance of Payments (billions of U.S. dollars)   Component  Amount  Exports $1,800 Imports 2,300 Income received 490 Income payments 540 Net transfers 100 Increase in foreign-owned  assets in the United States 700 Increase in U.S.-owned  assets abroad 100\begin{array}{l}\text { Balance of Payments (billions of U.S. dollars) }\\\begin{array} { l c } \hline \text { Component } & \text { Amount } \\\text { Exports } & \$ 1,800 \\\text { Imports } & 2,300 \\\text { Income received } & 490 \\\text { Income payments } & 540 \\\text { Net transfers } & - 100 \\\text { Increase in foreign-owned } & \\\text { assets in the United States } & 700 \\\text { Increase in U.S.-owned } & \\\text { assets abroad } &100 \end{array}\end{array}


A) -$650 billion.
B) $500 billion.
C) -$500 billion.
D) $650 billion.

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