Alphas balance-of-payments data for 2012 are shown below. All figures are in billions of dollars. What are
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(a) Balance on goods,
(b) Balance on goods and services,
(c) Balance on current account,
(d) Balance on capital and financial account? Suppose Alpha sold $10 billion of official reserves abroad to balance the capital and financial account with the current account. Does Alpha have a balance-of-payments deficit or does it have a surplus?
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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