Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Australia's Current Account begin{tabular}{lrrrrrrrrrrrrr} hline Millions of US dollars & 2010 & 2011 & 2012 & 2013 & 2014 & 2015 & 2016 & 2017

image text in transcribedimage text in transcribed

Australia's Current Account \begin{tabular}{lrrrrrrrrrrrrr} \hline Millions of US dollars & 2010 & 2011 & 2012 & 2013 & 2014 & 2015 & 2016 & 2017 & 2018 & 2019 & 2020 \\ \hline Goods: credit (exports) & 213,782 & 271,719 & 257,950 & 254,180 & 240,704 & 188,212 & 192,907 & 231,566 & 257,849 & 271,441 & 250,660 \\ Goods: debit (imports) & 196,303 & 249,238 & 270,136 & 249,700 & 240,252 & 207,225 & 198,703 & 231,064 & 236,906 & 223,427 & 210,721 \\ Services: credit (exports) & 46,968 & 51,653 & 53,034 & 53,550 & 54,240 & 54,894 & 58,024 & 65,174 & 69,470 & 70,990 & 48,382 \\ Services: debit (imports) & 51,313 & 61,897 & 65,405 & 67,977 & 63,549 & 63,656 & 62,466 & 68,474 & 73,319 & 72,035 & 38,347 \\ Primary income: credit & 35,711 & 47,852 & 47,168 & 46,316 & 46,637 & 39,413 & 39,530 & 42,603 & 48,543 & 49,866 & 45,613 \\ Primary income: debit & 84,646 & 102,400 & 88,255 & 85,289 & 79,805 & 67,763 & 69,556 & 84,511 & 94,786 & 88,067 & 60,852 \\ Secondary income: credit & 5,813 & 7,510 & 7,271 & 7,109 & 6,962 & 6,586 & 6,567 & 6,946 & 7,159 & 7,047 & 6,722 \\ Secondary income: debit & 7,189 & 9,723 & 9,635 & 9,346 & 8,996 & 7,419 & 7,339 & 8,192 & 7,796 & 7,782 & 7,629 \\ \hline \end{tabular} Australia's Current Account. Use the following balance of payments data for Australia from the IMF: . What is Australia's balance on goods and services for years 2012,2016 , and 2018? The balance on goods and services for year 2012 is (in millions) \$ (Round to the nearest integer and enter any deficit with a negative sign.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

LO3 Discuss the steps of a typical selection process.

Answered: 1 week ago