Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a nation's exports are $100 billion, its imports are $11K]| billion, the net foreign investment income is minus $1 billion and net transfers are

image text in transcribed
If a nation's exports are $100 billion, its imports are $11K]| billion, the net foreign investment income is minus $1 billion and net transfers are plus $5 billion, then what can we deduce? E} That its current account balance is +$ 15 billion. {:1 That its balance of current and capital accounts are $15 billion. {3 That its balance of trade is +$1 billion. D That its net exports are +$1 billion. C} That its current account balance is $15 billion

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

Historical Perspectives On The American Economy Selected Readings

Authors: Robert Whaples, Dianne C Betts

1st Edition

0521466482, 9780521466486

More Books

Students also viewed these Economics questions

Question

What effect has NAFTA had on Canadian Trade?

Answered: 1 week ago