Problems

Australia's Current Account

Use the following balance of payments data from the International Monetary Fund to answer Problems $3\mathrm{.}1-3\mathrm{.}4.$

Problem $3\mathrm{.}1-3\mathrm{.}4$

$\backslash$table$[[,10,2011,2012,2013,2014,2015,16,17,018,019,20],[$Goods: credit $($exports$),213,782,271,719,257,950,254,180,240,704,188,212,77,566,257,849,271,441,250,660],[$rts$),96,303,-249,238,-270,136,-249,-240,252,207,225,03,64,236,906,223,427,210,7],[v_1,46,968,51,653,034,53,550,54,240,54,894,024,174,69,470,70,990,48,382],[$ts$),-51,313,-61,897,-65,405,-67,977,-63,549,63,656,62,466,68,474,73,319,72,035,38,347],[$Prima$,35,711,47,852,47,168,46,316,46,637,39,413,39,530,42,603,48,543,49,866,45,613],[$Prima$,-84,646,-102,400,-88,255,-85,289,-79,805,67,763,69,556,84,511,94,786,88,067,60,852],[$Second$,5,813,7,510,7,271,7,109,6,962,6,586,6,567,6,946,7,159,7,047,6,722],[$econdary$,-7,189,-9,723,9,635,-9,346,-8,996,7,419,7,339,8,192,7,796,7,78,7,629]]$

$3\mathrm{.}1$ What is Australia's balance on goods?

$3\mathrm{.}2$ What is Australia's balance on services?

$3\mathrm{.}3$ What is Australia's balance on goods and services?

$3\mathrm{.}4$ What is Australia's current account balance?