CHAPTER 3 The Balance of Payments India's Current Account Use the following balance of payments data for India from the IMF to answer Problems 3.5-3.9. Assumptions (million US$) Goods: exports Goods: imports Balance on goods Services: credit Services: debit Balance on services Income: credit Income: debit Balance on income Current transfers: 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 77939 102,175 123,876 153,530 199,065 167,958 230,967 307,847 298,321 319,110 329,633 -95,539 -134,692 -166,572 -208,611 -291,740 -247,908 -324,320 -428,021-450,249 -433,760 -415,529 -17,600 -32,517 -42,696 -55,081 -92,675 -79,950 -93,353 -120,174 151,928 -114,650 -85,895 38,281 52,527 69,440 86,552 106,054 92,889 117,068 138,528 145,525 148,649 156,252 -35,641 -47,287 -58,514 -70,175 -87,739 -80,349 -114,739 -125,041 -129,659 -126,256 -137597 2,640 5,241 10,926 16,377 18,315 12,540 2 ,329 13,487 15,866 22,393 18,656 4,690 5,646 8,199 12,650 15,593 13,733 9 ,961 10,147 9 ,899 11,230 11,004 -8,742 -12,296 -14,445 -19,166 -20,958 -21,272 -25,563 -26,191 -30,742 -33,013 -36,818 -4,052 -6,650 6,245 -6,516 -5,365 -7,539 -15,602 -16,044 -20,843 -21,783 -25,815 credit 20,615 24,512 30,015 38,885 52,065 50,526 54,380 62,735 68,611 69,441 69,786 Current transfers: debit -822 -869 -1,299 -1,742 -3,313 -1,764 -2,270 -2,523 -3,176 -4,626 -4,183 Balance on current transfers 19,793 2 3,643 28,716 37,143 48,752 48,762 52,110 60,212 65,435 64,815 65,603 3.5 What is India's balance on goods? 3.6 What is India's balance on services? 3.7 What is India's balance on goods and services? 3.8 What is India's balance on goods, services, and income? 3.9 What is India's current account balance? China's (Mainland) Balance of Payments Use the following balance of payments data for China (Mainland) from the IMF to answer Problems 3.10-3.14. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 134,082 231,844 353,183 420,569 243,257 237,810 136,097 215,392 148,204 277,434 330,602 Assumptions (million US$) A. Current account balance B. Capital account balance C. Financial account balance D. Net errors and omissions E. Reserves and related items 4,102 4,020 3,099 3,051 3,938 4,630 5,446 4,272 3,052 -33 316 96,944 45,285 91,132 37,075 194,494 282,234 260,024 -36,038 343,048 -51,361 -485,614 15,847 3,502 13,237 18,859 -41,181 -53,016 -13,768 -87,071 -62,922 -108,257 -188,245 -250,975 -284,651 -460,651 -479,554 -400,508 -471,658 -387,799 -96,555 -431,382 -117,784 342,941 3.10 Is China experiencing a net capital inflow or outflow? 3.11 What is China's total for Groups A and B? 3.13 What is China's total for Groups A through D? 3.14 Does China's BOP balance? CHAPTER 3 The Balance of Payments India's Current Account Use the following balance of payments data for India from the IMF to answer Problems 3.5-3.9. Assumptions (million US$) Goods: exports Goods: imports Balance on goods Services: credit Services: debit Balance on services Income: credit Income: debit Balance on income Current transfers: 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 77939 102,175 123,876 153,530 199,065 167,958 230,967 307,847 298,321 319,110 329,633 -95,539 -134,692 -166,572 -208,611 -291,740 -247,908 -324,320 -428,021-450,249 -433,760 -415,529 -17,600 -32,517 -42,696 -55,081 -92,675 -79,950 -93,353 -120,174 151,928 -114,650 -85,895 38,281 52,527 69,440 86,552 106,054 92,889 117,068 138,528 145,525 148,649 156,252 -35,641 -47,287 -58,514 -70,175 -87,739 -80,349 -114,739 -125,041 -129,659 -126,256 -137597 2,640 5,241 10,926 16,377 18,315 12,540 2 ,329 13,487 15,866 22,393 18,656 4,690 5,646 8,199 12,650 15,593 13,733 9 ,961 10,147 9 ,899 11,230 11,004 -8,742 -12,296 -14,445 -19,166 -20,958 -21,272 -25,563 -26,191 -30,742 -33,013 -36,818 -4,052 -6,650 6,245 -6,516 -5,365 -7,539 -15,602 -16,044 -20,843 -21,783 -25,815 credit 20,615 24,512 30,015 38,885 52,065 50,526 54,380 62,735 68,611 69,441 69,786 Current transfers: debit -822 -869 -1,299 -1,742 -3,313 -1,764 -2,270 -2,523 -3,176 -4,626 -4,183 Balance on current transfers 19,793 2 3,643 28,716 37,143 48,752 48,762 52,110 60,212 65,435 64,815 65,603 3.5 What is India's balance on goods? 3.6 What is India's balance on services? 3.7 What is India's balance on goods and services? 3.8 What is India's balance on goods, services, and income? 3.9 What is India's current account balance? China's (Mainland) Balance of Payments Use the following balance of payments data for China (Mainland) from the IMF to answer Problems 3.10-3.14. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 134,082 231,844 353,183 420,569 243,257 237,810 136,097 215,392 148,204 277,434 330,602 Assumptions (million US$) A. Current account balance B. Capital account balance C. Financial account balance D. Net errors and omissions E. Reserves and related items 4,102 4,020 3,099 3,051 3,938 4,630 5,446 4,272 3,052 -33 316 96,944 45,285 91,132 37,075 194,494 282,234 260,024 -36,038 343,048 -51,361 -485,614 15,847 3,502 13,237 18,859 -41,181 -53,016 -13,768 -87,071 -62,922 -108,257 -188,245 -250,975 -284,651 -460,651 -479,554 -400,508 -471,658 -387,799 -96,555 -431,382 -117,784 342,941 3.10 Is China experiencing a net capital inflow or outflow? 3.11 What is China's total for Groups A and B? 3.13 What is China's total for Groups A through D? 3.14 Does China's BOP balance