Final answer:
The current account balance measures trade in goods, services, and unilateral transfers which include foreign aid. Therefore, none of the options provided, including foreign aid projects to build infrastructure, are excluded from the current account measurements. The answer to the question is 'd. None of the above.'
Step-by-step explanation:
When considering which of the following is NOT measured by the current account of the balance of payments, it is essential to understand the components of the current account balance. This balance includes the trade in goods, services, and money flowing into and out of a country from investments and unilateral transfers. Unilateral transfers are 'one-way payments' that governments, private entities, or individuals make abroad with nothing received in return. These can be in the form of foreign aid, among other things.
Therefore, the current account measures:
- Imports of goods (such as cars or electronics)
- Exports of services (like financial or consulting services)
- Unilateral transfers, which includes foreign aid for projects (like building infrastructure)
In light of the above, the answer to the question is d. None of the above, as all listed options are components that are indeed measured by the current account of the balance of payments.