Question
Fill in the blanks in the hypothetical balance of payments statement in the table below.Remember to enter a minus () sign to indicate negative values.
Fill in the blanks in the hypothetical balance of payments statement in the table below.Remember to enter a minus () sign to indicate negative values.
Current Account | |||
Exports of goods | 102 | ||
Imports of goods | |||
Merchandise balance | 12 | ||
Export of services | |||
Import of services | 60 | ||
Services balance | |||
Balance of trade | 15 | ||
Primary income (investment) received from abroad | 15 | ||
Primary income (investment) paid abroad | 6 | ||
Primary income balance | |||
Secondary income (transfers) received from abroad | 12 | ||
Secondary income (transfers) paid abroad | |||
Secondary income balance | +3 | ||
Balance on Current Account | |||
Capital Account | |||
Foreign investment in Canada | 115 | ||
Canadian investment abroad | 100 | ||
Net foreign investment (= Capital Account Balance) | |||
Overall Balance (Current + Capital) |
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