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8- (a) What is Australia's balance on goods? (b) What is Australia's balance on services? (c) What is Australia's balance on goods and services? (d)

image text in transcribed 8- (a) What is Australia's balance on goods? (b) What is Australia's balance on services? (c) What is Australia's balance on goods and services? (d) What is Australia's current account balance? (millons of US$) 2008 2009 2010 2011 2012 Goods: exports 123,778 153,794 198,698 167,219 215,502 Goods: imports -166,572 -208,611 -290,959 -247,883 -323,435 Services: credit 69,730 86,929 104,215 93,036 123,762 Services: debit -58,696 -70,805 -88,261 -81,049 -116,842 Income: credit 8,199 12,650 15,593 13,734 9,612 Income: debit -14,445 -19,166 -18,891 -21,271 -22,538 Current transfers: credit 30,015 38,885 52,065 51,387 55,046 Current transfers: debit -1,299 -1,742 -3,313 -2,095 -2,889image text in transcribed

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