Brazil: Balance of Payment
Unit: millions of USDs
Current Account |
Credits |
Debits |
Exports |
41,971 |
|
Goods |
28,113 |
|
Services |
5,028 |
|
Income |
8,830 |
|
Imports |
? (1) |
|
Goods |
-7,892 |
|
Services |
-35,835 |
|
Income |
-48,397 |
|
Unilateral transfer |
? (2) |
-186 |
Trade Balance |
? (3) |
|
Balance on current account |
-47,365 |
|
Financial Account |
||
Direct Investment |
48,438 |
-11,519 |
Portfolio Investment |
74,006 |
-10,995 |
Other investment |
1,119 |
-1,387 |
Balance on financial account |
? (4) |
|
Statistical discrepancies |
? (5) |
|
Official Reserve Account |
-49,101 |
A) What are the Brazil imports in Current Account?
b. -92,124
d. -50,153
a. -41,971
c. -92,310
B) What is the Brazil transfer payments to foreign entities (credit side of Unilateral Transfer)?
a. 186
b. 2,974
d. 50,339
c. 3,790
C) What is the Brazil Trade Balance?
d. 5,394
b. 10,586
c. 20,221
a. 50,153
D) What is the Brazil balance on financial account?
a. 50,561
d. 123,563
c. 99,662
b. 74,462
E) What is the Brazil Statistical discrepancies?
c. -3,196
a. -49,101
b. -23,901
d. -25,200
Answer
(A) b. -92124
Brazil imports in current account = Goods + services + Income
= -7892-35835-48397
= -92124
(B) b.2974
Given balance on current account = -47365
Total exports -Total imports = Balance on current account
41971 + unilateral transfer - (92124+186) = -47365
therefore unilateral transfer balance credit side = 2974
(C) c.20221
Brazil trade balance = Export of goods - Import of goods
= 28113-7892 = 20221
(D) c.99662
Brazil balance on financial account = 48438+74006+1119-11519-10995-1387
= 99662
(E) c.-3196
Brazil statistical discrepancies = -47365-49101+99662
= -3196
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