Question
The country of Ecotopia records the transactions in the table. Calculate the current accountbalance, the capital and financial accountbalance, the official settlements accountbalance, and imports
The country of Ecotopia records the transactions in the table.
Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and imports of goods and services.
>>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign.
The current account balance is
$enter your response here
billion.
The capital and financial account balance is
$enter your response here
billion.
The official settlements account balance $enter your response here billion Imports of goods and services are $enter your response here billion.
.....
Item | (billions of dollars) | |
Exports of goods and services | 1,950 | |
Interest paid to the rest of the world | 500 | |
Interest received from the rest of the world | 450 | |
Increase in Ecotopian official reserves | 10 | |
Government sector balance | −200 | |
Saving | 1,800 | |
Investment | 1,900 | |
Net transfers | 0 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the various balances and imports of goods and services well use the formula Current Acc...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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