Explain why the current account and the trade balance are so closely aligned?
Question:
Explain why the current account and the trade balance are so closely aligned?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
Trade balance refers to the difference between monetary value of a countrys imports and exports over ...View the full answer
Answered By
PRASENJIT DAS
I completed B.sc in geography from kalyani university. I also completed Masters In geography from CSJM university. I did my master of Education from kalyani university in 2019. Now I am pursuing Master degree in psychology from Ignou. I join as chegg expert from 2018 till now. I am also a school teacher.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The United States is the biggest debtor nation. For the past 30 years it has been piling up large trade deficits. The current account peaked at 7 percent of GDP in 2007, and is financed by capital...
-
The Eurozone crisis has led more than one nation to consider abandoning the euro and returning to its previous currency (Pondering a Dire Day: Leaving the Euro, New York Times, December 12, 2011). If...
-
a. Explain why a stronger dollar could enlarge the U.S. balance-of-trade deficit. Explain why a weaker dollar could affect the U.S. balance of- trade deficit. b. It is sometimes suggested that a...
-
Taylors 2022 health insurance premiums of $7,800 are paid by her employer. During 2022, Taylor requires surgery on her vocal chords. The cost of the surgery is $10,000 and Taylors insurance covers...
-
What is the main principle of tax-effect accounting as outlined in IAS 12?
-
How does the length of the time horizon affect the classification of cost as fixed or variable? What is the meaning of short run? long run?lop5
-
understand the various monotheistic and nonmonotheistic religious beliefs of international religions,
-
Intella, Inc. adopted the dollar-value retail LIFO method on January 1, 2006. The following data apply to the 4 subsequent years: In addition the following price indexes are available: January 1,...
-
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $305,000 per quarter. For financial reporting...
-
The following transactions of Emergency Pharmacies occurred during 2016 and 2017: 2016 Mar. 1 Borrowed $330,000 from Longwood Bank. The six-year, 13% note requires payments due annually, on March 1....
-
Explain why a tariff on imported oil would be better than an import quota as a means by which to achieve energy independence?
-
Explain or illustrate why it is that if $1 will buy you .8 that 1 must equal $1.25?
-
In Lee Wen Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its sterilizing...
-
Please answer the following question short and simple: Tom Anderson is the controller for Morningside Medical Clinic. At the end of each month, the financial management system used by Morningside...
-
Give a brief general description of the number of degrees of freedom. A. The number of degrees of freedom for a collection of sample data is the number of unique, non-repeated sample values. The...
-
Suppose you are given a data frame df. df = pd.DataFrame({'Click_ID':['A', 'B', 'C', 'D'], 'Count':[100, 200, 300, 400]}) In many data science projects, you are required to convert a dataframe into a...
-
Which of the following is an essential element of Six Sigma programs? Group of answer choices Setting specific goals for projects. Striving for low levels of Sigma. Striving for low levels of Cp and...
-
Here are summary statistics for randomly selected weights of newborn girls: n = 36, x=3180.6 g, s = 700.5 g. Use a confidence level of 99% to complete parts (a) through (d) below. a. Identify the...
-
On January 1, 2020, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $2,700,000 in cash. Both companies provide commercial Internet support services but serve...
-
Synthesize the products by drawing out reagents and intermediates along the way. `N H. OH HO HO
-
Tim retired during the current year at age 58. He purchased an annuity from American National Life Company for $40,000. The annuity pays Tim $500 per month for life. a. Compute Tims annual exclusion....
-
Beth retires when she turns 65. She begins receiving a monthly pension of $300 from her employers qualified retirement plan. While employed, Beth contributed $13,000 to the plan. a. Beth uses the...
-
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
-
5. Discuss historical performance analysis. Address the methodology, areas to be evaluated and the corresponding ratios to the area. Describe how ratios are evaluated. That is, what are the ways we...
-
In a decision-making process, it is important for managers to distinguish between gross margin and contribution margin. List the ways in which these two margins differ.
-
Your task is record selected transactions for Sherby Corporation for 2021 and prepare year-end financial statements. Attached is a preliminary trial balance for Sherby. You can assume all...
Study smarter with the SolutionInn App