Step 1: Recall the formula for calculating the current account balance
Net trade in goods + net trade in services + net income + net current transfers
The items 'Net capital transfers' and 'Net investment income' are not included in current account calculations and should be ignored
Step 2: Substitute the appropriate values
Net trade in goods = (872-839) = 33
Net trade in services = (419-445) = -26
Net income transfers = 154
Net current transfers = -179
Step 3: Complete the calculation
33 - 26 + 154 -179 = -18
(1 mark for the correct working)
Step 4: Check the units and ensure your answer uses the correct units
€-18 m
(2 marks for the correct answer or 1 mark for any correct working)