If exports of goods and services are $450 billion, imports of goods and services are $350 billion, unilateral transfers made by U.S. citizens to foreigners are $5 billion, and unilateral transfers made by foreigners to U.S. citizens are $4 billion, then the current account balance will be __________ billion.
A. +$101
B. -$101
C. -$99
D. +$91
E. +$99
Answer: E. +$99
Current account balance = Exports-Imports + net unilateral transfers
= 450-350 + (4-5)
= 100-1
= +99 billion
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