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Calculate the current account balance, the capital account balance and state whether there is a balance of payments deficit or surplus
The balance of Payments on the Current Account is defined as? An example of international capital outflow is? The three major countries in merchandise trade in 2017 are? The global recession in 2007-2008 was followed by a ? Mode 3 of trade in services is best described in this situation? World Trade in Services is dominated by? Which country has the largest current account surplus? Which country has the largest current account deficit? The country with the largest high technology...
Suppose that a certain country has a current account surplus in its balance of payments. Does this mean that the country will necessarily have a financial account deficit? Explain why or why not.
If a country runs a surplus in financial account, its current account has a deficit. True, false, or uncertain? Explain.
Suppose a country has a current account surplus of $8 billion, but a financial account deficit of $5 billion. a) Is its balance of payments a deficit, surplus or neither? The balance of payments is (select one). b) What change in official exchange reserves would you see? Note: Keep $0 for the second part if you think there is no change. The official exchange reserves would (select one) by $0 billion. c) Is the central bank buying or selling foreign...
In 2019 Country A had a current account deficit of $1.2 billion. CountryA’s capital account was in a $100 million surplus. In addition, CountryA’s factors of production located in foreign countries earned $600 million.Country A had a trade deficit of $800 million. Assume Country A neithergave nor received unilateral transfers. Country A’s GDP was $9 billion.Answer the following questions about Country A in 2019. and show your work. (a) What happened to Country A’s net foreign assets during that year?Did...
For the following situations, calculate the cash surplus or deficit. Cash Inflows Cash Outflows Difference Surplus/Deficit 3,540S 4,788 $ 4,387 S 3,238 4,855 4,198
If a country has a current account surplus and a net capital inflow in the private financial account, the country’s international reserves are mostly like to a. Increase. b. Decrease. c. Remain unchanged
Using the data in Question 3, calculate the capital account balance. Is the capital account balance a surplus or deficit?Question 3:Using the following data (billions of dollars) for a given year, calculate the balance on merchandise trade; balance on goods, services, and income; and the current account balance. Indicate whether these balances are deficits or surpluses.
Using the table below, calculate the following:
• current account balance
• the capital and financial account balance
• the official settlements account balance
Item Imports of goods and services Foreign investment in Nordland Exports of goods and services Nordland's investment abroad Net interest income Net transfers Statistical discrepancy Billions of dollars 1,200 1,000 1,500 600 7 - 10 - 20
The official settlements balance or balance of payments is the sum of A. the current account balance and the interest in all investments. B. the current account balance and the capital account balance, less the non-reserve portion of the financial account balance. C. the current account balance and the capital account balance. D. the current account balance and the non-reserve portion of the financial account balance. E. the current account balance, the capital account balance, the non-reserve portion of the...