What is Australias balance on goods? Use the following balance of payments data for Australia from the
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What is Australia’s balance on goods?
Use the following balance of payments data for Australia from the IMF to answer this problems.
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Assumptions (million US$) 2000 Goods, credit (exports) Goods, debit (imports) Services, credit (exports) Services, debit (imports) Primary income: credit Primary income: debit Secondary income: credit Secondary income: debit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 64,052 63,676 65,099 70,577 87,207 107,011 124,913 142,421 189,057 154,777 213,782 271,719 257,950 254,164 -68,865 -61,890 -70,530 -85,946 -105,238-120,383-134,509-160,205-193,972-159,216-196,303-249,238-270,136-249,774 18,677 16,689 17,906 21,205 26,362 31,047 33,088 40,496 45,240 40,814 46,968 51,653 53,034 53,344 -18,388 -16,948 -18,107 -21,638 -27,040 -30,505 -32,219 -39,908 -48,338 -42,165 -51,313 -61,897 -65,405 -67,399 8,984 8,063 8,194 9,457 13,969 16,445 21,748 32,655 37,320 27,402 35,711 47,852 47,168 45,910 -19,516 -18,332 -19,884 -24,245 -35,057 -44,166 -54,131 -73,202 -76,719 -65,809 -84,646 -102,400-88,255 -83,618 2,622 2,242 2,310 2,767 3,145 3,333. 3,698 4,402 4,431 4,997 5,813 7,510 7271 7206 -2,669 -2,221 -2,373 -2,851 -3,414 -3,813 -4,092 -4,690 -4,805 -5,799 -7,189 -9,723 9,635 9,390
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