Use the following information to answer the questions below. Assume that the capital account is equal to
Question:
Use the following information to answer the questions below. Assume that the capital account is equal to 1,000.
a. Is there a surplus or a deficit in the trade balance?
b. What is the current account balance?
c. Does the financial account balance equal the current plus capital account balance?
d. What is the statistical discrepancy?
Transcribed Image Text:
Exports of goods and services Primary income received Secondary income received Imports of goods and services Primary income payments Secondary income payments Net acquisition of financial assets Net incurrence of liabilities Net change in financial derivatives 2,000 500 800 2.300 580 250 800 -900 -60
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a To determine whether there is a surplus or a deficit in the trade balancewe can look at the relationship between exports and importsThe trade balanc...View the full answer
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