The current account balance is equal to
A. Total payments made by residents of the United States to foreigners plus total payments made by foreigners to residents of the United States.
B. Trade balance + services balance + capital account balance.
C. Trade balance + services balance - capital account balance.
D. Trade balance + unilateral transfers + net investment income.
Answer: D
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Indicate whether the statement is true or false
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What will be an ideal response?
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