Question
ONE QUESTION WITH FOUR PARTS: Please Show Steps So I Can Be Able to Learn for the Test Transactions between Spain and the rest of
ONE QUESTION WITH FOUR PARTS: Please Show Steps So I Can Be Able to Learn for the Test
Transactions between Spain and the rest of the world are shown below. Use the following information to answer the next FOUR parts.
- Spanish citizens purchase 20 million worth of US-issued stocks.
- FFF (Spanish firm) pays 15 million for commercial property in Canada.
- Foreign tourists spend 30 million while visiting Spain.
- The Spanish government sells 4 million worth of treasury securities to foreign nations.
- Spanish citizens receive 2 million in dividends from overseas investments.
- The Spanish government buys 13 million worth of gold.
- A Spanish firm sells 25 million worth of computer components to a British company.
- Spain sends 1 million in aid to El Salvador.
- A US-based company sells 12 million worth of steel to a Spanish company.
Find Spains balance of trade. Enter your final answer in terms of millions of euros (EX: 12,000,000 would be entered as 12). Do not enter a non-numerical value when inputting your answer. _______________________________
Find the capital account balance (in terms of millions of euros). Answer choices below
-44 | ||
-35 | ||
-31 | ||
-39 | ||
None of the above |
Find Spain's current account balance. Enter your answer in terms of millions of euros. Do not use currency symbols or words when entering your response.
____________________________
Spain's capital account balance suggests that it is a net demander of capital from the rest of the world.
True
False
Please Show Work. Thank you!
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