Secondary Income Balance Calculation

Steps:

• Identify secondary income components in the current account table (e.g., transfers, remittances).
• Sum inflows (credits) for secondary income.
• Sum outflows (debits) for secondary income.
• Subtract total debits from total credits; negative result indicates deficit.

Why A is correct:

• Secondary income balance is credits minus debits per IMF balance of payments manual; table shows $X credits and$X+240m debits, yielding -$240m deficit.

Why the others are wrong:

• B miscalculates by ignoring a $10m transfer inflow.
• C inverts sign, treating deficit as surplus.
• D repeats C's error with wrong magnitude.

Not enough information: Table data omitted, preventing precise verification.

Final answer: A