Use the following balance of payments data for Australia from the IMF to answer Problems 1-4. 1.
Question:
Use the following balance of payments data for Australia from the IMF to answer Problems 1-4.
1. What is Australia's balance on goods?
2. What is Australia's balance on services?
3. What is Australia's balance on goods and services?
4. What is Australia's current account balance?
Transcribed Image Text:
Assumptions (million USS) Services, debit-18,388-16,948-18,107-2163 -27,040 -30,505-32,219-39,908-48,338-42,165-51,313-60,994-64,389 (imports) Primary income:8,984 8,063 8,194 9,457 13,969 16,445 21,748 32,655 37.320 27,402 35,711 42,965 42,097 credit Primary income:19,516-18,332 -19,884 -24,24535,067-44,16654,131-73202-76,719-65,809-84,646-94,68980,778 2000 2001 2002 2003 2004 2005 2006 2007 200 2009 2010 2011 2012 2,622 2,242 2,310 2,767 3,145 3,333 3,698 4,402 4,43 4,997 5,813 7,389 7,357 income: credit 2,669-2,221-2,373-2,851-3,414-3,813-4,092-4,690-4,805-5,799-7,189-8,920-8,783 income: debit
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Related Book For
Fundamentals of Multinational Finance
ISBN: 978-0205989751
5th edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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