Exercise 3.3 Given the following Balance of Payment data for a given country: Current Account Balance: $ -2,000 Cap...
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $302 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. Use a negative sign if necessary. 1,128 -180 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on goods (4) Exports of services (5) Imports of services (6) Balance on services (7)...
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $12 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 654 -11 CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on...
We have the following data for a hypothetical open economy GNP = $10,000 Consumption (C) = $7,200 Investment (1) = $800 Government Purchases (G) = $1,200 Tax Collections (T) = $1,400 What is the value of private savings plus public savings? $ (Enter your answer as an integer. Include a minus sign if necessary.) What is the value of the current account balance CA? (Enter your answer as an integer. Include a minus sign if necessary)
The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $88 billion a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. Use a negative sign if necessary CURRENT ACCOUNT (in billions of dollars) (1) Goods exports 854 (2) Goods Imports (3) Balance on goods (4) Exports of services (5) Imports of services (6) Balance on services (7) Balance...
We have the following data for a hypothetical open economy GNP = $12,000 Consumption (C) = $7,800 Investment (U) = $1,000 Goverment Purchases (G) = $1,200 What is the value of the current account balance? $ . (Enter your answer as an integer. Include a minus sign if necessary).
30 The following balance of payment data is provided for country Southland for the year 2018. ($m) Visible Exports 60 Visible imports Service Imports Service exports Net Transfers Net Investment Income (15) Using the information given above calculate the following for country Southland: a) Balance of trade. b) Balance of current account.
Alpha's balance-of-payments data are shown below. All figures are in billions of dollars. Alpha's Balance of Payments Data Merchandise exports 400 Service imports 30 Net Unilateral transfers 15 Net Change in foreign assets at home (financial efforts) 355 Merchandise imports 600 Service exports 80 Net change in domestic liabilities abroad (financial outflows) -220 The balance of trade is $ billion. (Enter your response as a whole number and include a minus sign if necessary. During any designated period, all payments...
Exercise 2.3 We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Investment (I) = $800 Government Purchases (G) = $1,600 Tax Collections (T) = $1,600 What is the value of total savings S? $ . (Enter your answer as an integer. Include a minus sign if necessary.)
Which of the following statements about the accounts in the balance of payment is correct? A. A country that runs a current account surplus must also run a financial account surplus. B. A country that runs a current account surplus may run a financial account surplus or deficit. C. A country that runs a current account surplus must run a financial account deficit. D. None of the above statements is correct
Describe Balance of payment. Of what is the current account generally composed? Of what is the capital account generally composed?