If the balance on goods is --$816 billion and the balance on services is $107 billion, what is the balance of goods and services in the current account will : increase by $709 billion.
Using this formula
Balance of goods and services= Balance on goods +Balance on services
Where:
Balance on goods= --$816 billion
Balance on services =$107 billion
Let plug in the formula
Balance of goods and services= --$816 billion +$107 billion
Balance of goods and services= $709 billion Increase
Therefore If the balance on goods is --$816 billion and the balance on services is $107 billion, what is the balance of goods and services in the current account will : increase by $709 billion.
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