Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Australia's Current Account. Use the following balance of payments data for Australia from the IMF: What is Australia's current account balance for years 2008, 2011,

image text in transcribed

Australia's Current Account. Use the following balance of payments data for Australia from the IMF: What is Australia's current account balance for years 2008, 2011, and 2014? i Data Table - - (Click on the icon to import the table into a spreadsheet.) Australia's Current Account Assumptions (millions USD) 2005 2006 2007 2008 2009 2010 2011 Goods: exports 107,011 124,913 142,421 189,057 154,777 213,782 271,719 Goods: imports -120,383 -134,509 -160,205 -193,972 -159,216 -196,303 -249,238 Balance on goods -13,372 -9,596 -17,784 -4,915 -4,439 17,479 22,481 Services: credit 31,047 33,088 40,496 45,240 40,814 46,968 51,653 Services: debit -30,505 -32,219 -39,908 -48,338 -42,165 -51,313 -61,897 Balance on services 542 869 588 -3,098 -1,351 -4,345 -10,244 Income: credit 16,445 21,748 32,655 37,320 27,402 35,711 47,852 Income: debit -44,166 -54,131 -73,202 -76,719 -65,809 -84,646 -102,400 Balance on income -27,722 -32,383 -40,547 -39,399 -38,407 -48,935 -54,548 Current transfers: credit 3,333 3,698 4,402 4,431 4,997 5,813 7,510 Current transfers: debit -3,813 -4,092 -4,690 -4,805 -5,799 -7,189 -9,723 Balance on current transfers -480 -394 -288 -374 -802 -1,376 -2.213 Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as credits, imports as debits. Australia's Current Account. Use the following balance of payments data for Australia from the IMF: What is Australia's current account balance for years 2008, 2011, and 2014? i Data Table - - (Click on the icon to import the table into a spreadsheet.) Australia's Current Account Assumptions (millions USD) 2005 2006 2007 2008 2009 2010 2011 Goods: exports 107,011 124,913 142,421 189,057 154,777 213,782 271,719 Goods: imports -120,383 -134,509 -160,205 -193,972 -159,216 -196,303 -249,238 Balance on goods -13,372 -9,596 -17,784 -4,915 -4,439 17,479 22,481 Services: credit 31,047 33,088 40,496 45,240 40,814 46,968 51,653 Services: debit -30,505 -32,219 -39,908 -48,338 -42,165 -51,313 -61,897 Balance on services 542 869 588 -3,098 -1,351 -4,345 -10,244 Income: credit 16,445 21,748 32,655 37,320 27,402 35,711 47,852 Income: debit -44,166 -54,131 -73,202 -76,719 -65,809 -84,646 -102,400 Balance on income -27,722 -32,383 -40,547 -39,399 -38,407 -48,935 -54,548 Current transfers: credit 3,333 3,698 4,402 4,431 4,997 5,813 7,510 Current transfers: debit -3,813 -4,092 -4,690 -4,805 -5,799 -7,189 -9,723 Balance on current transfers -480 -394 -288 -374 -802 -1,376 -2.213 Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as credits, imports as debits

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

Step: 3

blur-text-image

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

Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice

Authors: Donald Van Deventer, Kenji Imai, Mark Mesler

3rd Edition

1547416157, 9781547416158

More Books

Students also viewed these Finance questions

Question

Describe the components of identity.

Answered: 1 week ago