Paraguay exports $21 billion of goods and imports $25 billion of goods. It exports $15 billion of

Question:

Paraguay exports $21 billion of goods and imports $25 billion of goods. It exports $15 billion of services and imports $13 billion of services. Find the nation’s

(a) balance of goods,

(b) balance of services, and

(c) balance of trade.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: